Overimprovement


Definition of "Over-improvement"

Camille Caserta
Camille Caserta MiaLinda Realty

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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