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conformity principle

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conformity principle

An appraisal principle holding that the more a property's components are in harmony with the surrounding properties or components,the more they contribute to value.

Example: A 5,000-square-foot home with a three-car garage and an inground pool is more valuable in a neighborhood filled with similar properties than it would be in a neighborhood of 2,500-square-foot homes with two-car garages and no pools.



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