Land that has been developed to the extent that it is ready to be built upon is considered what?

Boost your confidence for the IAAO Fundamentals of Real Property Appraisal Test. Study with flashcards and multiple choice questions, each featuring hints and explanations. Gear up for your exam success!

When land has been developed to the extent that it is ready for construction, it is referred to as a site. This term indicates that the land has been prepared and is suitable for building, often involving necessary improvements such as grading, drainage, and access to utilities. These preparations distinguish it from raw land, which has not undergone any development and may not be ready for immediate construction. Improved land typically refers to property that has structures or enhancements already in place, but since the question specifically refers to land prepared for building, the term "site" is most appropriate. This context clarifies that a site is more than just any parcel of land; it implies readiness for development.

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