What does improved value and value of improvement mean?

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What does improved value and value of improvement mean?

Dale Viljoen
Auckland, New Zealand · Member since 2018 · 34 posts · 1 vote

When looking at property value I tend to see either value of improvement or valued improvement. Could someone possibly explain it to me as I am still new to real estate. All input is appreciated.

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  • Jeff CopelandBusiness Member
    Real Estate Broker · Tampa Bay/St Petersburg, FL · Member since 2015 · 1k+ posts · 2k+ votes
    8y

    Improvements generally refer to the stuff that was built on the land (i.e. the house, buildings, etc). 

    So you might see something like:

    Land Value: $25k

    Value of Improvements: $75k

    Improved Value: $100k

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  • Dale Viljoen
    OP
    Auckland, New Zealand · Member since 2018 · 34 posts · 1 vote
    8y
    Originally posted by @Jeff Copeland:

    Improvements generally refer to the stuff that was built on the land (i.e. the house, buildings, etc). 

    So you might see something like:

    Land Value: $25k

    Value of Improvements: $75k

    Improved Value: $100k

    Thank you for your input Jeff. So I see that Improved Value refers to the stuff that was built on the land but I am still a bit confused on what Value of Improvements is? Also why do many houses on a MLS only have one of the two in the description. I have not seen on that has Improved Value and Value of Improvement. Apologies for the beginner questions, I have just started learning about real estate about 2 weeks ago so all input is well precipitated!

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