Property Valuation
What is 'plottage' in real estate valuation?
AThe increase in value when adjacent parcels are combined into a single parcel✓ Correct
BThe value added by landscaping improvements
CThe loss in value from irregular lot shape
DThe premium paid for a corner lot
Explanation
Plottage (assemblage value) refers to the increase in value that results from combining two or more adjacent parcels into one larger parcel. The combined parcel is often worth more than the sum of the individual parcels.
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