The highest and best use principle originally comes from from American property law. Principles of real estate appraisal are also an area to which it relates. You can see below how this principle is closely related to the value of your home as well.
Also called HBU, the highest and best use is a use that is reasonably probable that produces the highest value for your property. It is essentially a label that identifies a piece of property that has the potential to have a higher value if it was utilized for a different purpose. This can be utilized particularly in real estate appraisals to
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