A house sits on the corner of a busy intersection. Two of the corners are occupied by gas stations, and directly across from the house is a fast food restaurant. The house's owners have been told that the property would be worth more if the lot were vacant. This is an example ofA. progression. B. highest and best use. C. regression. D. conservation.

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Business

Cora Goodman

9 August, 21:28

A house sits on the corner of a busy intersection. Two of the corners are occupied by gas stations, and directly across from the house is a fast food restaurant. The house's owners have been told that the property would be worth more if the lot were vacant. This is an example ofA. progression. B. highest and best use. C. regression. D. conservation.

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Answers (1)

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Diamond · Answer 1

The correct answer is B. highest and best use.

Explanation:

This is a principle by which the value of a property capable of being dedicated to different uses will be the one that results from allocating it, within the legal and physical possibilities, to the most economically advisable, or if it is capable of being built with different building intensities, will be the result of building it, within the legal and physical possibilities, with the intensity that allows to obtain its greatest value.