Most building owners won’t luck out and attract work from a world-famous street artist like Banksy. Even so, the presence of mural art on a building — whether created by skilled amateurs or commissioned professionals — can still add significant amounts to a building’s resale value.
In most cases, the mural art itself will not carry its own individual monetary value. However, when it has a tangible impact on a property’s profile as described in the previous section, its presence can increase the property’s market value. According to LCI Realty, resale value increases of $100,000 to $700,000 are feasible.