Definition of "Over-improvement"

Wilma Rochelle McFadden real estate agent
Wilma Rochelle McFadden, Real Estate Agent Keller Willams

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.

 

Need help from a real estate agent?


Buy Sell Rent

I agree to receive FREE real estate advice.

Are you a real estate agent?


Residential Rental Commercial

I agree to receive FREE real estate advice.

Have a question or comment? We're here to help.

 

*** Your email address will remain confidential.

 

Popular Real Estate Terms

Popular Real Estate Questions