Any improvements that are excessive in cost or size in relation to the value of the land and its surroundings. For example, if a given area only contains homes selling for $100,000 and a home owner decides to cover his house in gold worth much more than the average market value, that home owner has essentially over-improved his property. For more information, see the "Residential Property Development" article in the "Real Estate Investing" section.
addition or improvement in which the cost is greater than the increased value of the house.
an improvement which is not suitable to the site on which it is placed because of excessive size or cost.
Land improvement that is more extensive than the surrounding neighborhood justifies or that can be economically warranted.
An improvement to land that is more extensive or costly than needed. As an example, the erection of a thirty-story office building where fifteen would have been adequate for the present and foreseeable future needs of the business community. The resulting empty space provides no return to the owner. The market value of the property, as well as the surrounding land, is correspondingly lessened. Also called a misplaced improvement.
