What are the general influencers of real property value?

The general influencers of real property value encompass various factors that can significantly impact how much a property is worth. When considering physical, geographic, economic, social, governmental influences, it is clear that each of these categories brings unique elements that can affect property values.

Physical influences include the condition of the property and its features, such as architecture and amenities. Geographic influences cover the location of the property, including factors like nearby water sources, terrain, and climate. Economic influences pertain to the overall health of the economy and local market conditions, which can affect demand and pricing. Social influences involve demographic trends and community dynamics, such as population growth or zoning laws. Finally, governmental influences include regulations, taxes, and policies that can either enhance or detract from property value.

The other options present more specific factors or categories that may not comprehensively cover all the influences on real estate value. Factors like construction, location, and improvements primarily focus on tangible aspects rather than broader influencer categories. Similarly, demand, usability, scarcity, and transferability touch on critical value components but do not capture the range of influencers provided in the correct answer. Lastly, unintentional, intentional, express, and implied are terms that relate more to legal concepts rather than influences on property value