Improvements

Appraisal by Summation
Appraisal by Summation, also known as the Cost Approach, is a real estate valuation method that determines the value of a property by adding the land value to the depreciated value of any improvements (such as buildings) made on it.
Betterment
Betterment refers to an improvement made to a property that enhances its value, utility, or physical condition. This term is commonly used in the context of real estate to describe upgrades or modifications that increase the overall quality of the property.
Improvements
Improvements refer to alterations made to raw land, such as the addition of buildings, streets, and sewage systems, which tend to increase the value of the property.
Structure
A structure refers to any constructed improvement to a site. This term encompasses a wide range of edifices such as buildings, fencing and enclosures, garages, gazebos, greenhouses, kiosks, sheds, and utility buildings.

Real Estate Lexicon

With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!

Real Estate Real Estate Investment Real Estate Law Property Management Real Estate Transactions Real Estate Financing Real Estate Development Mortgage Property Valuation Commercial Real Estate Real Estate Appraisal Real Estate Valuation Property Rights Land Use Property Ownership Urban Planning Property Value Real Estate Finance Foreclosure Market Value Real Estate Contracts Depreciation Property Law Interest Rates Construction Estate Planning Lease Agreement Appraisal Investment Financing Mortgage Loans Financial Planning Real Estate Terms Legal Terms Zoning Real Estate Market Rental Income Market Analysis Lease Agreements Housing Market Property Sale Interest Rate Taxation Title Insurance Property Taxes Amortization Eminent Domain Investment Analysis Property Investment Property Tax Property Transfer Risk Management Tenant Rights Mortgages Residential Property Architecture Investments Contract Law Land Development Loans Property Development Default Condemnation Finance Income Tax Property Purchase Homeownership Leasing Operating Expenses Inheritance Legal Documents Real Estate Metrics Residential Real Estate Home Loans Real Estate Ownership Adjustable-Rate Mortgage Affordable Housing Cash Flow Closing Costs Collateral Net Operating Income Real Estate Loans Real Property Asset Management Infrastructure Mortgage Loan Property Appraisal Real Estate Investing Urban Development Building Codes Insurance Loan Repayment Mortgage Payments Real Estate Broker Shopping Centers Tax Deductions Creditworthiness Mortgage Insurance Property Assessment Real Estate Transaction