PLOTTAGE Meaning and
Definition
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Plottage refers to a real estate term that describes the increase in value or potential gain achieved by merging two or more adjacent properties or parcels of land into a single larger unit. This can be done either through physical combination or legal consolidation. The concept of plottage recognizes that when individual contiguous parcels are combined, they often create additional value beyond the sum of their independent worth.
The practice of plottage is often employed by real estate developers and investors seeking to maximize the value and potential of a particular piece of land. By combining multiple lots, they can create larger, more attractive properties that may be more desirable to potential buyers or renters. The process of plottage can result in various benefits, such as increased building density or the ability to develop new infrastructure.
Plottage value can be measured by comparing the value of the consolidated, larger parcel with the cumulative value of the individual smaller lots. The potential earnings from plottage are typically assessed by estimating the value added through combining the parcels, taking into account factors such as location, zoning regulations, market demand, and potential development opportunities.
Overall, plottage represents a strategic approach in real estate that focuses on the potential benefits and increased value resulting from the consolidation of multiple parcels into a single unit.
Common Misspellings for PLOTTAGE
- plotage
- olottage
- llottage
- 0lottage
- plittage
- plkttage
- pllttage
- plpttage
- pl0ttage
- pl9ttage
- ploftage
- plogtage
- ploytage
- plo6tage
- plo5tage
- plotrage
- plotfage
- plotgage
- plotyage
- plot6age
Etymology of PLOTTAGE
The term "plottage" is derived from the word "plot", which originally comes from the Old English word "plot", meaning a small piece of ground or a plan of a piece of land. Over time, "plot" began to be used to refer to a small area of land used for a specific purpose or a portion of a larger area that has a defined use. In real estate terminology, "plottage" specifically refers to the combined area of two or more adjacent properties that are merged or consolidated to create a larger plot of land, typically for development or a single use. The term "plottage" is a blend of "plot" and the suffix "-age", which is commonly used to denote a result or action.
Similar spelling words for PLOTTAGE
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