One appraisal principle of value is based on the concept that the more a property or its components are in harmony with the surrounding properties or components, the greater the contributory value. In other words, the more the properties are alike, the more they retain value. This is known as:

Question

Social Studies

Dakota Walter

14 September, 02:56

One appraisal principle of value is based on the concept that the more a property or its components are in harmony with the surrounding properties or components, the greater the contributory value. In other words, the more the properties are alike, the more they retain value. This is known as:

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Answers (1)

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Parker Holland · Answer 1

Answer:The principle of conformity

Explanation:

The principle of conformity in real estate aim at using a place in away that will create economical stability in that area. This lead to homes being built in tehe same style within the same vicinity because this has a way of increasing the value of those houses

In places where people build their own houses it becomes an issue because this non confomity means diffrent styles, sizes and design which doesn't give the same appeal to potential customers.

Conformity ensures that the houses appeal to the same customers.