The meaning of a dwelling is being studied from a variety of perspectives and with different methodological approaches. The research on this subset of environment-behavior relations is characterised, though, by a number of shortcomings. It lacks conceptual clarity and conceptual models, and the role of the physical environment is diminished (cf. Rapoport, 1985, 1995; Moore, 2000). In the paper I present a conceptual model for studying the meaning of preferences for a dwelling that takes (physical) aspects of a dwelling as its starting-point.