The principle of progression states that the value of a less-expensive property is likely to increase when placed in an area with high-end properties. The value of the property increases because the neighboring houses are worth more.The term plottage in real estate refers to the increase in value obtained when assembling several smaller parcels of land into one larger one. The increase in value occurs because the property has more utility and can accommodate a larger scale project.
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The principle of progression states that the value of a less-expensive property is likely to increase when placed in an area with high-end properties. The value of the property increases because the neighboring houses are worth more.The term plottage in real estate refers to the increase in value obtained when assembling several smaller parcels of land into one larger one. The increase in value occurs because the property has more utility and can accommodate a larger scale project.
I’m agree. The answer of3:57/11:57 is progression
7:02/11:57 do you think topography it’s a factor that affect the land value?
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