Certified Residential Appraiser Practice Exam

Which of the following refers to improvements that are made off the site of a property?

1. Onsite Improvements

2. Offsite Improvements

3. Major Improvements

4. Minor Improvements

The correct answer is: Offsite Improvements

The term that refers to improvements made off the site of a property is "Offsite Improvements." These improvements typically include enhancements such as roads, utilities, drainage systems, and other infrastructure that is not directly located on the property in question but affects its value and usability. Understanding this distinction is important in real estate appraisal because offsite improvements can significantly influence how a property is perceived and its market value. For example, the presence of well-maintained roads, utility access, and proper drainage can enhance the attractiveness of a property and contribute positively to its appraisal value. Onsite improvements, in contrast, involve changes or upgrades made directly on the property, such as renovations to the home itself, landscaping, or adding a pool. Major and minor improvements refer to the scale or significance of alterations rather than their location in relation to the property, making them less relevant when considering improvements that are specifically offsite.