Latest Articles

Education, Misc

November 22, 2018

Assemblage VS Plottage

Assemblage is the process of joining several parcels to form a larger parcel; the resulting increase in value is called plottage.

Assemblage

The combining of two or more adjoining lots into one large tract. This is usually done to increase the value of the individual lots because a larger building capable of producing a larger net return may be erected on the larger parcel. The resulting added value is called plottage value. The developer often makes use of option contracts to tie up the right to purchase the desired adjacent parcels. Care must be taken through exact surveys to avoid the creation of gaps or strips between the acquired parcels through faulty legal descriptions.

Plottage Value

The increased usability and value resulting from the combining or consolidating of adjacent lots into one larger lot. Plottage is also referred to as assemblage, although the latter is more often used to describe the process of consolidation. The term is often used in eminent domain matters to designate the added value given to lots that are contiguous.
 

Recent Posts

Next Videos

Related Post

Industry, Residential Real Estate, Education

Library of Real Estate Clauses

December 16, 2018

Brokerage, Technology, Consumer News, Residential Real Estate, Education, Misc

Short Sales and Tips for Newly Licensed Real Estate Agents

December 5, 2018

Brokerage, Consumer News, Residential Real Estate, Misc

Unilateral Contract VS Bilateral Contract

November 23, 2018

2019 Real Town The Real Estate Network