Overall Rate (oar) Reading Overimprovement 1 minute Next Owners Policy

Definition:  an addition or change to property not in line with its highest and best use, or a betterment that exceeds that justified by local conditions

Pronunciation:   \ˈō-vər-im-ˈprüv-mənt\

Used in a Sentence:   A $500,000 home in a neighborhood of $200,000 homes would be considered an overimprovement.

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