When adjacent lots are consolidated into one larger lot with a higher value than the combined values of the separate lots, the increase in value is called

Anchoring generally refers to a cognitive bias in decision-making, where individuals rely heavily on the first piece of information encountered when making choices. In real estate, it can refer to establishing a value based on a specific reference point, but it does not pertain to the increase in property value resulting from lot consolidation.

Assemblage is the process of combining two or more lots into one larger parcel. While this term describes the act of bringing properties together, it does not specifically refer to the resultant increase in value, which is what plottage captures. Thus, assemblage focuses more on the physical combination rather than the value enhancement.

Consolidation refers to the act of merging lots but does not address the financial implications or the resulting increase in value. While similar to assemblage, it lacks the specific economic context that plottage provides, making it less accurate in describing the increased value achieved through combining adjacent lots.