Property Valuation
A plottage increment in real estate valuation refers to:
AThe depreciation of adjacent properties
BThe increase in value resulting from combining two or more parcels into a larger, more valuable site✓ Correct
CThe additional value from adding an extra bedroom
DThe decrease in value from subdividing a large lot
Explanation
Plottage (assemblage) occurs when combining adjacent parcels creates more value than the sum of the individual values. The increment is the additional value created by the combination.
Related Georgia Property Valuation Questions
- A 'before and after' method is used in appraisal when:
- When multiple appraisal approaches give different value indications, the final value conclusion involves:
- A 'recapture rate' in the income approach accounts for:
- In a 'seller's market,' home values tend to:
- The 'band of investment' technique in the income approach estimates a cap rate by:
- In the income approach, the 'direct capitalization' method converts income to value by:
- An appraiser who assigns a value above the contracted purchase price to justify a pre-determined value is committing:
- The income approach to value is LEAST appropriate for which property type?
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