How do qualitative factors like the condition of an asset impact a
final lease or buy decision?

your subject contradicts the question. You would always use different
factors for buying a home and for buying a real estate asset. Your
home is NEVER an asset because assets have income attached to them.
Since your home is not earning money for you it cannot be an asset.

Wrong subject. Buying house, should be buying business

Psause-ga,
You wrote "Home buying" and asked about a "lease or buy decision",
and got a free comment in reply.

If you want to know about buying a business, that would seem to be a new question.

Myoarin