What practice results in increased plottage value?

Assemblage refers to the process of combining two or more parcels of land into one larger parcel. This often leads to increased plottage value, which is the added value that results from combining smaller lots into a single, larger lot. The larger parcel typically has more development potential than the individual smaller parcels, allowing for more extensive projects that can capitalize on economies of scale. As a result, properties after assemblage are more valuable than their individual components combined, due to factors such as improved usability and higher market demand for larger tracts of land.

In contrast, subdivision involves dividing a large parcel into smaller parcels, which generally does not create added value in the same way assemblage does. Improvements pertain to physical upgrades made to a property, which can also add value but are not the same as the combination of properties. Entitlement refers to the approvals and rights to develop a property, which is essential but does not directly relate to the concept of combining properties for enhanced value.