While underimprovement describes property that is not being put to its highest and best use (reducing its value), when does overimprovement apply?
Answer: When improvement is costlier than the payback or potential revenue one can expect to realize on that property, it is an overimprovement.
For more ARE5.0 study resources see the PA page
Answer: When improvement is costlier than the payback or potential revenue one can expect to realize on that property, it is an overimprovement.
For more ARE5.0 study resources see the PA page
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