superadequacy

superadequacy

A component of real estate that is not necessary to the current or anticipated use and so adds no value.In an office building,a private luxury bathroom with a whirlpool tub and steam shower,installed off the office of the president of the company,could be deemed a superadequacy.

References in periodicals archive ?
Put another way, the cost premium of NZE may reflect some level of either superadequacy or functional obsolescence.
Adjustments for physical characteristics are typically made for plant design, fuel type, unit size, shutdown units, capacity factor, heat rate, plant condition, age, superadequacy, functional utility, and remaining license life.
Perfect match, and a great way to do away with the whole concept of functional obsolescence or superadequacy.
It is easy to get too fancy and outsmart oneself with complicated ways to measure obsolescence and superadequacy.
This is the foundation of the concept of functional obsolescence and superadequacy.
Superadequacy in security-enhanced construction is a concern for many building owners as well.
A final word of caution: Appraisers should be aware of the potential of superadequacy in green construction and that buyers in some markets will not pay the full cost of the item already in the building, prompting an adjustment.
13] The Appraisal of Real Estate also includes a more precise definition of functional obsolescence as a "loss in value that may be caused by a deficiency or a superadequacy.
As thicker floors are considered to be a superadequacy for the typical warehouse user, the extra floor thickness is not considered in adjustments used in the sales comparison or income approaches.
Many special-purpose, single-tenant retail properties are built with functional superadequacy.
Superadequacy, one type of functional obsolescence, has been addressed at this stage of the process, since the design, materials, and equipment selected are the most cost-effective.
superadequacy, functional obsolescence), it fails to firmly establish that homes in this neighborhood do not sell anywhere near the value the client anticipated.