Definition: The value a property has for a particular use or user, based on that use's benefits and circumstances.
Example
A specialized facility may be especially valuable to the business whose operations it was designed to serve.
Keep the distinction clear
Value in use can differ from market value, which considers the applicable market and its participants rather than one user's special circumstances.
Related terms
Value · Investment Value · Market Value
Keep studying
References: California DRE: appraisal and valuation
Comments
0 comments
Article is closed for comments.