Property Valuation
What is 'assemblage' and 'plottage' in real estate and how might they apply to Hawaii property?
AA. The process of combining survey data from multiple mapping systems
BB. Assemblage: combining adjacent parcels under one ownership; plottage: the added value created when assembled parcels are worth more together than separately✓ Correct
CC. A technique for creating smaller lots from a larger parcel
DD. The process of combining title records from Land Court and Bureau of Conveyances
Explanation
Assemblage is the combining of adjacent parcels to create a larger, more valuable parcel. Plottage is the increment of value resulting from this combination—the assembled parcel may be worth more than the sum of individual parcel values because larger sites can support more intensive development.
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