Dictionary of Business Terms: improved land
improved land
land that has been partially or fully developed for use. Any of the following activities on a piece of raw land will result in improved land: landscaping and grading; installation of utilities; construction of roads, curbs, or gutters; and construction of buildings.
Dictionary of Real Estate Terms: improved land
improved land
land that has some improvements. Land that has been partially or fully developed for use.
Example: Any of the following activities on a piece of raw land will result in improved land:
- landscaping and grading
- installation of utilities
- construction of roads, curbs, and/or gutters
- construction of buildings
