Amenities are features or additions that provide comfort, convenience, or enjoyment to a property or location. They can be tangible, such as elevators, internet access, restaurants, parks, community centers, swimming pools, golf courses, health club facilities, bike paths, or garages, or intangible, such as well-integrated public transport, pleasant views, nearby activities, and a low crime rate. In the context of environmental economics, an environmental amenity can include access to clean air or clean water, or the quality of any other environmental good that may reduce adverse health effects for residents or increase their economic welfare.
Amenities are commonly used in the real estate industry and can be found in property listings. Residential real estate can benefit from amenities that boost property value, such as proximity to parks and schools, updated fixtures, and bonus living spaces. Commercial property developers have expanded the types of amenities they offer in their buildings to remain competitive. Amenities can also become part of a companys identity and help it to attract hard-to-get talent.
