Tag: Lot Sizes

Lot Sizes are a way to measure how much land or square footage may be included in a certain region. They come in varying sizes, usually based on the intended use of the lot such as residential, commercial, or industrial. Lot sizes are used to determine the price and worth of a parcel of land, help make sure that municipalities have a way to assess property taxes, and are also used for zoning classification. Lot sizes can help determine the quantity of basic materials needed for building projects, like concrete, bricks, and other related supplies. Knowing the exact lot size can also help save time and money if a project requires detailed calculations. Knowing the size of a lot can also help homebuyers decide if a location is the right fit for them.