Definition of "Over-improvement"

Wilma Rochelle McFadden real estate agent
Wilma Rochelle McFadden, Real Estate Agent Keller Williams Capital Properties

Land improvement that is more extensive than the surrounding neighborhood justifies or that can be economically warranted. For example, an individual builds a home with a higher construction cost than the neighborhood's average assessed valuation. A further example is the construction of a commercial building that is larger than its business operations can justify. The resulting empty space can be a net liability.

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