Day: July 14, 2025

What Is Highest And Best Use In Appraisal?

Highest and best use (HBU) is a fundamental appraisal concept that determines the most profitable, legally permissible use of a property that will produce its maximum value. In property appraisal, HBU analysis requires that a potential use must pass four essential tests: it must be legally permissible under current zoning laws, physically possible given site […]