In real estate, an Increment refers to an increase in value, most commonly the rise in land value that occurs as a result of population growth, economic expansion, and increasing wealth within a community. This increase is often driven by external factors rather than by improvements made by the property owner.
Incremental value growth is an important concept in land investment and appraisal, as it reflects how location, development, and community growth can enhance property value over time. Land is especially susceptible to increments in value because it is limited in supply and does not depreciate in the same way as improvements.
