Plottage

AAA

DEFINITION of 'Plottage'

A real estate term referring to the process of combining adjacent parcels of land to form one larger parcel. Typically the value of the whole parcel will be greater than the sum of the individual smaller parcels.


Also called assemblage.

INVESTOPEDIA EXPLAINS 'Plottage'

Plottage refers to the merging or consolidating of adjacent lots into one larger lot, with the consequent result of improved usability and increased value. The value of the combined asset is larger than the sum of its parts because larger structures can be built on the land and its functionality is increased.

RELATED TERMS
  1. Home Inspection

    An examination of a real estate property's condition, usually ...
  2. Land Value

    The value of a piece of property, including both the value of ...
  3. Real Estate

    Land plus anything permanently fixed to it, including buildings, ...
  4. Property

    1. Anything over which a person or business has legal title. ...
  5. Investment Real Estate

    Real estate that generates income or is otherwise intended for ...
  6. Land

    Property or real estate, not including buildings or equipment, ...
Related Articles
  1. Canada: A New Frontier For Real Estate ...
    Taxes

    Canada: A New Frontier For Real Estate ...

  2. Uncover The Next Real Estate Hot Spot
    Home & Auto

    Uncover The Next Real Estate Hot Spot

  3. 5 Things Every Real Estate Pro Knows
    Home & Auto

    5 Things Every Real Estate Pro Knows

  4. Investing In Luxury Real Estate
    Home & Auto

    Investing In Luxury Real Estate

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center