Property Valuation
The term 'assemblage' in NH real estate refers to:
AThe process of demolishing old buildings
BCombining two or more adjacent parcels into a single parcel to increase utility and value✓ Correct
CDividing a single parcel into smaller lots
DThe appraisal of multiple properties in a single report
Explanation
Assemblage is the process of combining two or more adjacent parcels into a single, larger parcel. The resulting combined parcel may have a greater value than the sum of the individual parcels—this surplus value is called 'plottage.' Assemblage is common in urban redevelopment and commercial development.
Related New Hampshire Property Valuation Questions
- A NH appraiser who uses three comparables all located 20 miles from the subject property in a different market may produce an unreliable appraisal because:
- A NH appraiser uses the 'direct capitalization' method for a commercial property. The steps are:
- A NH appraisal of a mixed-use property (residential apartments + ground floor retail) would most likely use:
- A NH appraiser who discovers the property has unpermitted additions should:
- In NH appraisal, paired sales analysis is used to measure the value contribution of:
- Which type of depreciation in an appraisal is considered incurable because the cost to cure exceeds the value added?
- The gross rent multiplier (GRM) method of estimating value is most commonly used for:
- A NH appraiser who identifies a comparable sale between family members at a non-market price should:
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →