A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

I

IMPROVED LAND: Any parcel of land which has been changed from its natural state through the creation of roads, buildings or other structures.

IMPROVEMENTS: Any item added to vacant land with the intent of increasing its value or usability.

IMPROVEMENT RATIO: The comparative value of an improved piece of land to its natural, unaltered state.

INCOME APPROACH: The process of estimating the value of property by considering the present value of a stream of income generated by the property.

INCOME PROPERTY: A piece of property whose highest and best use is the generation of income through rents or other sources.

INDEPENDENT APPRAISAL: An estimation of value created by a professional, certified appraiser with no vested interest in the value of the property.

INSPECTION: The examination of a piece of property, its buildings or other amenities.

INSURABLE TITLE: The title to property which has been sufficiently reviewed by a title insurance company, such that they are willing to insure it as free and clear.

INTEREST RATE: A percentage of a loan or mortgage value that is paid to the lender as compensation for loaning funds.

INVESTMENT PROPERTY: Any piece of property that is expected to generate a financial return. This may come as the result of periodic rents or through appreciation of the property value over time.


back to top