What does improved value and value of improvement mean?

2 Replies

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.

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

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!