Zero-lot-line: Development | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for Development: Zero-lot-line A type of property in which one or more of the property lines is located directly on the lot line, allowing for maximum use of the available space. *As with all financial […]
Easement by necessity: Development | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for Development: Easement by necessity A type of easement granted when a property owner needs access to a landlocked property through another property. *As with all financial transactions you should seek professional guidance from a […]
Adaptive reuse: Development | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for Development: Adaptive reuse The process of converting an existing building or site for a new purpose, often involving the preservation of historic or architecturally significant features, and sometimes eligible for tax credits or other […]
Density bonus: Development | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for Development: Density bonus An incentive offered by local governments to encourage real estate developers to include affordable housing, green building features, or other public benefits in their projects, typically in exchange for increased development […]
Zoning variance: Development | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for Development: Zoning variance A regulatory exception granted by a local government to allow a real estate development project to deviate from the established zoning requirements, often based on a demonstrated hardship or unique circumstances. […]
Value engineering: Development | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for Development: Value engineering A cost-saving technique used in real estate development to optimize a project’s design, materials, and construction methods in order to achieve the desired performance and quality at the lowest possible cost. […]
Tax increment financing (TIF): Development | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for Development: Tax increment financing (TIF) A public financing tool used by local governments to promote economic development and redevelopment by capturing the increased property tax revenues generated by new development within a designated area […]
Phased development: Development | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for Development: Phased development A real estate development strategy in which a project is built in stages, allowing the developer to respond to market conditions, financing constraints, or other factors that may impact the project’s […]
Land assembly: Development | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for Development: Land assembly The process of acquiring multiple parcels of land to create a single, larger site for a real estate development project, often involving negotiations with multiple property owners and the resolution of […]
Greenfield site: Development | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for Development: Greenfield site A parcel of land that has not been previously developed, typically located in suburban or rural areas, and often requiring extensive site preparation, infrastructure, and environmental approvals before development can occur. […]