Property Valuation
Assemblage in real estate refers to the process of:
ASubdividing a large parcel into smaller lots
BCombining two or more adjacent parcels into a single, larger parcel✓ Correct
CAdding improvements to an existing property
DCombining income from multiple properties
Explanation
Assemblage is the combining of two or more adjacent parcels to create a single, larger parcel that may have greater value or development potential than the sum of the individual parcels (plottage).
Related Georgia Property Valuation Questions
- The reproduction cost in the cost approach refers to:
- The cost approach to value is most reliable for:
- An appraisal done for a refinance is often based on the assumption that:
- External (economic) obsolescence differs from functional obsolescence in that it is:
- In the income approach, what formula is used to calculate property value?
- The principle of substitution states that:
- Which appraisal principle holds that when a property has too many improvements for the neighborhood, its value is limited by the market?
- Highest and best use in real estate appraisal means the use that is:
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