Which of the following is an off-site improvement rather than a site improvement?
Correct Answer
B) The public street serving the parcel
Why this is correct: Off-site improvements are located outside the property boundaries but provide essential services to the site, such as public streets, sidewalks, and utilities in the public right-of-way. Their cost is usually borne by the public and is reflected in the site's value. Why the other choices are wrong: "Grading and filling within the parcel," "A driveway laid across the front yard," and "Landscaping planted around the house" are all on-site improvements because they are within the property boundaries. Exam tip: Off-site = outside the lot lines. On-site = inside the lot lines.
Why This Is the Correct Answer
Why this is correct: Off-site improvements are located outside the property boundaries but provide essential services to the site, such as public streets, sidewalks, and utilities in the public right-of-way. Their cost is usually borne by the public and is reflected in the site's value. Why the other choices are wrong: "Grading and filling within the parcel," "A driveway laid across the front yard," and "Landscaping planted around the house" are all on-site improvements because they are within the property boundaries. Exam tip: Off-site = outside the lot lines. On-site = inside the lot lines.
More Land/Site Questions
Under which condition is the land residual technique most applicable?
Why can the same physical parcel carry different values in two assignments?
In a built-up area where no vacant land has sold for years, which approach to site value is the usual fallback?
How is entrepreneurial profit treated in the subdivision development method?
A land comparable sold 18 months ago in a market rising about 4 percent a year. What adjustment direction applies?
Why does a developer's required profit rise for a longer subdivision project?
How does holding cost enter the valuation of land bought for future development?
Excess land is best described as land that has which characteristic?
Plottage value arises in which of the following situations?
Vacant lots in a subdivision sell for about $80,000 while finished homes there sell for about $400,000. Applying that relationship to a subject home that sold for $525,000, what site value does allocation indicate?
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