Specified argument was out of the range of valid values. Parameter name: site

While development many time we face this issue.It come generally when we change pc or laptop ,we just install visual studio and sql server and start our project.We forget to enable IIS setting so this error comes.

Solution : 

Please open 

 Control Panel -> Programs -> Programs and Features -> Turn Windows features on or off -> Internet Information Services and check the Internet Information Service if unchecked.

Image for reference :