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UQO Working Paper No. 2 — Decoding Real Estate Descriptions: text-based hedonic analysis of housing listings.

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1% Author: Simon-Pierre Boucher — contact@spboucher.ai2%3\begin{table}[!htbp]4\centering5\caption{Reference description categories, domains, and expected price effects.}6\label{tab:references}7\small8\begin{adjustbox}{max width=\textwidth}9\begin{tabular}{llll}10\toprule11\textbf{Domain} & \textbf{Category} & \textbf{Dimension} & \textbf{Expected Effect} \\12\midrule13\multirow{2}{*}{Quality \& Standing}14  & Luxury & Premium finishes, prestige materials & Positive \\15  & Entry-Level & Affordable, first-time buyer language & Negative \\16\midrule17\multirow{2}{*}{Condition}18  & Renovated & Turnkey, recently updated & Positive \\19  & Needs Renovation & Fixer-upper, requires work & Negative \\20\midrule21\multirow{4}{*}{Physical Attributes}22  & Bright \& Spacious & Luminosity, open concept, high ceilings & Positive \\23  & Garage \& Parking & Garage, parking facilities & Positive \\24  & Finished Basement & Developed lower level & Positive \\25  & Pool \& Landscaping & Pool, outdoor amenities & Positive \\26\midrule27\multirow{4}{*}{Location \& Setting}28  & Land \& Nature & Wooded lot, natural setting & Positive \\29  & Panoramic View & Water, mountain, city views & Positive \\30  & Premium Location & Near amenities, transit, schools & Positive \\31  & Quiet \& Peaceful & Rural, secluded, tranquil & Ambiguous \\32  & Waterfront & Lake/river access, dock & Positive \\33\midrule34\multirow{4}{*}{Style \& Character}35  & Modern/Contemporary & Clean design, smart home, energy-efficient & Positive \\36  & Heritage/Character & Period features, historic charm & Ambiguous \\37  & New Construction & Newly built, never occupied & Positive \\38  & Energy Efficient & Heat pump, solar, high insulation & Ambiguous \\39  & Family-Friendly & Schools, parks, safe neighborhood & Ambiguous \\40\midrule41\multirow{2}{*}{Market Signals}42  & Income/Investment & Rental income, investment potential & Ambiguous \\43  & Motivated Seller & Urgency, price reduction, distress & Negative \\44\bottomrule45\end{tabular}46\end{adjustbox}47\end{table}48