What is Lot Size?

In real estate, lot size refers to the total area of land on which a property is situated. It's typically measured in square feet or acres, depending on the region and local conventions.

Here are some key points about lot size:

• Importance: Lot size can significantly influence property value, as larger lots often offer more privacy, space for outdoor activities, and potential for future development.

• Building Restrictions: Local zoning laws and building codes may limit the size and type of structures that can be built on a lot.

• Privacy: Larger lots generally provide more privacy compared to smaller ones.

• Resale Value: A larger lot can increase a property's resale value, especially in areas where land is scarce or expensive.

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