What role do "site improvements" play in appraisal?

Site improvements are enhancements made to a property that can significantly contribute to its overall value and marketability. These improvements may include landscaping, driveways, fencing, swimming pools, and other features that increase the usability and aesthetic appeal of the property.

When appraisers evaluate a property, they consider these improvements as part of their assessment, as they can influence buyer perception and desirability. By making a property more functional and attractive, site improvements often lead to a higher appraisal value, which reflects an increased return on investment for property owners or investors.

In contrast, the other options do not accurately convey the importance of site improvements. They do not decrease the overall property value, nor are they excluded from the appraisal process. While site improvements can certainly affect residential properties, they are also relevant for commercial and industrial properties, demonstrating their broader impact in real estate appraisal.