What term refers to an investment that does not make the best use of a property or is excessive compared to others?

The term "over improvement" specifically refers to a situation where an investment in a property exceeds the typical or expected level of enhancements relative to similar properties in the market. This can occur when the improvements made do not proportionately increase the property's value, resulting in a mismatch between the investment and the return it generates.

For example, if a home is situated in a neighborhood where the average home value is significantly lower, and the owner decides to install high-end features or extensive landscaping that are not commonly found in other homes in that area, it can lead to over improvement. This scenario reflects a lack of correspondence between the cost of the improvements and the market value of the property, potentially leading to a reduction in the property's appeal and marketability.

Other terms provide different aspects of property performance but do not capture the essence of this situation. "Under improvement" suggests that a property is not being fully utilized or developed relative to its potential, while "misallocation" pertains to the improper distribution of resources rather than the nature of property enhancements. "Market inefficiency" relates to disparities in the pricing or demand of properties but does not specifically address the excessive nature of property investments compared to others in a more direct manner.

Thus, the concept of over improvement accurately