1. A real estate property that has been enhanced through construction, renovation, or development, increasing its value and utility
The improved property includes a newly built house with modern amenities on the land.
A propriedade melhorada inclui uma casa recém-construída com comodidades modernas no terreno.
2. Land or real estate where improvements such as buildings, infrastructure, or landscaping have been added to increase its market value
Banks are more likely to provide mortgages for improved properties than raw land.
Os bancos têm maior probabilidade de fornecer hipotecas para propriedades melhoradas do que para terrenos brutos.