Look for words, Phrases & Definitions in Alphabetical Order:
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Improved Land - Any parcel of land which has been changed from its natural state through the creation of roads, buildings or other structures.
Improvement Ratio - The comparative value of an improved piece of land to its natural, unaltered state.
Improvements - Any item added to vacant land with the intent of increasing its value or usability.
Income Approach - The process of estimating the value of property by considering the present value of a stream of income generated by the property.
Income Property - A piece of property whose highest and best use is the generation of income through rents or other sources.
Independant Appraisal - An estimation of value created by a professional, certified appraiser with no vested interest in the value of the property.
Inspection - The examination of a piece of property, its buildings or other amenities.
Insurable Title - The title to property which has been sufficiently reviewed by a title insurance company, such that they are willing to insure it as free and clear.
Interest Rate - A percentage of a loan or mortgage value that is paid to the lender as compensation for loaning funds.
Investment Property - Any piece of property that is expected to generate a financial return. This may come as the result of periodic rents or through appreciation of the property value over time.