Definition: The valuation principle that a property's compatibility with surrounding uses and market expectations can support its value.
Example
A home's size and features fit what buyers typically seek in its neighborhood.
Keep the distinction clear
Conformity concerns market acceptance, not a requirement that every property be identical. An unusually costly improvement may not contribute its full cost to value.
Related terms
Overimprovement · Progression (Appraisal) · Regression (Appraisal)
Keep studying
References: California DRE: appraisal and valuation
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