Wisconsin Dells Use Assemblage Plottage 2 Raise Property Values

Existing businesses will employ assemblage which means purchasing adjacent property which creates a larger land tract and declare plottage which is an increase in value due to the assemblage.  For a business owner to perform assemblage and declare plottage  they have a limited number of land choices.  The permanence of land leaves the business owner with a limited number of adjacent properties to join. 

The fact that the amount of land available affects the value is a basis for the element of scarcity. Elements of scarcity embedded within the activity of assemblage enhances property values in three ways.  First is simple supply and demand - there is a limited number of adjacent lots available to join to the existing business property.  Supply is low which drives price high.

Second is the activity of assemblage involves a commercial business purchasing adjacent property which expands the commercial district.  The presumption of a commercial use creates greater value and a higher assessed price. 

Third is the manner in which the Real Estate Industry will employ substitution in the pricing process for similar properties.  Real Estate Professionals will apply effort to assist in the expansion of the commercial district.  Properties adjacent to the business community now have an enhanced value with a recognized climate of rapid development. 

This is a fun time to be a Real Estate Professional working in the familiar resort community called Wisconsin Dells.

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