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Improv

 

Those additions to Raw Land such as buildings, streets, sewers, etc., tending to increase value.
Example: A hypothetical example of how improvement costs may affect property and land values is shown in Table 26.

Table 26 Improvement Costs

Cost of Total property Value

Improvement improvement value of land

None $†††0 $ 5,000 $† 5,000

Curbs, drainage, & utilities 15,000 25,000 10,000

House 200,000 250,000 50,000

Apartment building 1,000,000 1,300,000 300,000

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Law Encyclopedia: Improvements
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This entry contains information applicable to United States law only.

Additions or alterations to real property that increase the value thereof.

Improvements to land, for example, might include the planting of crops, the construction of fences, and the digging of wells.

Wikipedia: Improv
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Copyrights:

Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Improv" Read more