google bot detected Overimprovement | Real Estate Glossary | Realestateagent.com

Overimprovement


Definition of "Over-improvement"

Logan Saunders
  Berkshire Hathaway Home Services

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.



Related Real Estate Glossary terms

Related Real Estate FAQ