Valuation & AppraisalQuestion 62 of 120
Combining two adjacent parcels to create a single, more valuable parcel is called assemblage, and the resulting increase in value is:
a.Regression
b.Plottage
c.Contribution
d.Accretion
Explanation
Plottage is the added value created when combining, or assembling, adjacent parcels into one larger, more useful parcel. The merged property can be worth more than the sum of the separate lots. Developers use assemblage to unlock plottage value.
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