Conformity

An economic principle of value that states that the more the property conforms to its surroundings, greater the contributory value.

 

The principle of conformity holds that value is enhanced if the properties around it are similar.

 

•When buildings conform in a neighborhood, value is generally maximized

•Value is maximized when buildings in a neighborhood are similar in design, construction, age, condition, and market appeal

•Buildings need not be similar to the point of monotony

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