Overimprovement
Barron's Business Dictionary:
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Overimprovement
Land use considered too valuable for the land, such as a single-family home worth $500,000 situated on a relatively undesirable lot worth $5,000.
| Overheating, Overhead, Overhang | |
| Overissue, Overkill, Overpayment |
Barron's Real Estate Dictionary:
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Overimprovement
A land use considered too intense for the land.
Example: A proposed house costs $300,000 to construct on a site valued at $20,000. It is estimated that the completed house would have a market value of only $250,000. The proposed house is an overimprovement of the site.
Example: A proposed house costs $300,000 to construct on a site valued at $20,000. It is estimated that the completed house would have a market value of only $250,000. The proposed house is an overimprovement of the site.
| Overbuilding, Overallrate of Return (OAR) | |
| Override, Owner Occupant |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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