Concept

Land development

Summary
Land development is the alteration of landscape in any number of ways such as:
  • Changing landforms from a natural or semi-natural state for a purpose such as agriculture or housing
  • Subdividing real estate into lots, typically for the purpose of building homes
  • Real estate development or changing its purpose, for example by converting an unused factory complex into a condominium.
Economic aspects In an economic context, land development is also sometimes advertised as land improvement or land amelioration. It refers to investment making land more usable by humans. For accounting purposes it refers to any variety of projects that increase the value of the process . Most are depreciable, but some land improvements are not able to be depreciated because a useful life cannot be determined. Home building and containment are two of the most common and the oldest types of development. In an urban context, land development furthermore includes:
  • Road construction ** Access roa
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