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Jiro comments on Personal story about benefits of Rationality Dojo and shutting up and multiplying - Less Wrong Discussion
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We had a 3-point system of value for each part of the house "1=low, 2=moderate, 3=high" and the same for use, with use averaged year-round.
So for the backyard example: the backyard for house 170 was high value, 3, and high use for half of the year, so 1.5. Its total value was 4.5. The backyard for house 450 was moderate value, 2, and high use for half of the year, so 1.5. Its total value was 3.
I was thinking of something that is only used occasionally, but for which you value the option to use it even if you aren't going to use it much. Because going from no-X to X adds the option, the first use has a high value, but the second use does not have as high a value.
This can be calculated by estimating the probability of use times enjoyment, for example a formal dining room and table. Such a feature was not so important to us, so we left it out of our calculations. It's only salient things that matter :-)