Was This Home Overimproved or Underimproved?
Cleveland Appraisal Blog
JANUARY 19, 2023
How about underimproved? What do these things indicate? The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value.
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