Plottage is
the increase in value realized by combining adjacent parcels of land into one larger parcel
. … Generally, the value of the whole parcel will be greater than the sum of the individual smaller parcels.
What is the difference between assemblage and plottage in real estate?
Assemblage is the process of joining several parcels to form a larger parcel;
the resulting increase in value
is called plottage. Assemblage — The combining of two or more adjoining lots into one large tract.
How is plottage value calculated?
The plottage increment refers
to the value gained by combining the lots
. For example, Steve owns two plots that are right next to each other. Each one is worth $40,000. When combined into a single property, the total value is now $90,000 and the increment is $10,000.
What is the meaning of plottage?
:
the area included in a plot of land
.
What does contribution mean in real estate?
Contribution –
An appraisal principal which holds
that the value of real property is greatest when the improvements produce the highest return commensurate with their cost (the investment). Also called the principal of increasing and decreasing returns.
What is a Plottage value?
Plottage is
the increase in value realized by combining adjacent parcels of land into one larger parcel
. … Generally, the value of the whole parcel will be greater than the sum of the individual smaller parcels.
What is highest and best use in real estate?
Highest and Best Use, Defined
The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, and financially feasible and that results in the highest value
.
What does accretion mean in real estate?
accretion. n. 1) in real estate,
the increase of the actual land on a stream, lake or sea by the action of water which deposits soil upon the shoreline
.
What is functional obsolescence in real estate?
What Is Functional Obsolescence? … For example, in real estate, it refers to
the loss of property value due to an obsolete feature
, such as an old house with one bathroom in a neighborhood filled with new homes that have at least three bathrooms.
What does regression mean in real estate?
The principle of regression is a term used by real estate
appraisers stating that the value of high-end real estate may be diminished by having lower-end properties in the same vicinity
. This principle is used frequently in writing zoning laws, which strive to keep business and residential areas separate.
What affects the value of a neighborhood?
Factors to consider when pricing a home are:
historic sales price, quality of the neighborhood, the market, nearby features and the size, appeal, age and condition of the home
.
What is an economic obsolescence?
Economic obsolescence (EO) is
the loss of value resulting from external economic factors to an asset or group of assets
. EO is often encountered in valuation work performed for financial reporting purposes, bankruptcy emergence and in other practice areas when dealing with companies in capital-intensive industries.
What is another word for Plottage in real estate?
| lot plot | tract of land real estate | land strip | estate stretch | expanse piece |
|---|
What is contribution value?
Contribution Value means
the Value of a Company asset contributed by a Member to the Company
(net of liabilities secured by such contributed asset that the Company is treated as assuming or taking subject to).
What is the difference between the appraised value of a property and its mortgage value if any?
What is the difference between the appraised value of a property and its mortgage value, if any?
The appraised value is an appraiser’s estimate
; mortgage value is the value a lender imputes to the property as collateral. requires the fewest and smallest adjustments. the state in which the appraiser operates.
What is the principle of anticipation in real estate?
Principle of Anticipation of Future Benefits
Property is
valuable because of the future benefits it is expected (anticipated) to provide
. A property’s value may be defined as the present worth of the rights to all prospective future benefits, tangible and intangible, accruing to the ownership of real property.
