Lot to Value

This is a term that is only used when it's possible that the land or lot upon which a structure sits has a significant amount of value when compared to the overall value of the home. An appraiser will determine market value of a home but will also break down the value of the lot, separate from the structure, as well as what it would cost to reconstruct the home as if it were brand new. This is also sometimes called an "improved" lot, meaning a piece of raw land which has a house or structure built on it. But problems can occur if the lot represents a certain percentage of the overall value.

paper wristbands