{"id":6343,"date":"2018-02-22T03:07:49","date_gmt":"2018-02-22T03:07:49","guid":{"rendered":"http:\/\/www.realestatewords.com\/?page_id=6343"},"modified":"2023-11-27T15:29:58","modified_gmt":"2023-11-27T15:29:58","slug":"plottage","status":"publish","type":"page","link":"https:\/\/www.realestatewords.com\/plottage\/","title":{"rendered":"Plottage"},"content":{"rendered":"

Plottage Definition<\/h2>\n

Plottage is a combination of two (or more) adjacent land parcels, in turn, creating a larger, and more valuable, lot.<\/p>\n

Explanation<\/h2>\n

In real estate terms, plottage refers to the strategic combining of multiple adjacent real estate parcels<\/a> to enhance the collective value.<\/p>\n

The process involves combining smaller lots into a single larger lot. This is done through a process of new surveys<\/a>, deeds<\/a>, and land use action, such as a property line adjustment or vacation of lot lines<\/a>.<\/p>\n

This practice capitalizes on the principle that the total value<\/a> of the combined land would be greater than the sum of the individual parcels.<\/p>\n

This increase is due to plottage allowing for increase in buildable area, access, overall development<\/a>, and market desirability.<\/p>\n

Plottage can play a significant role in urban planning<\/a> and property development. Developers<\/a> often benefit from the ability to combine smaller, once residential lots, into larger, now zoned commercial lots, so that they may undertake larger scale projects.<\/p>\n

Plottage allows for a higher overall property value, as well as a greater potential for development.<\/p>\n

A large consolidated property can attract a broader range of potential uses, from commercial or business parks, to residential developments, maximizing the property’s versatility equates to increase in its attractiveness on the real estate market.<\/p>\n

A key strategy for anyone seeking to optimize the value and potential of land holdings is to understand and skillfully plan around the potential plottage of these pieces of land.<\/p>\n