Overimproved for the Neighborhood? Here’s How That’s Handled Ever listed a home with a unique feature or upgrades far beyond anything else nearby? Appraisers refer to this as superadequacy or over-improvement—and yes, it matters. We typically determine whether the market supports the premium features. For example: Marketability – Are there sales in the neighborhood (or in a competing area) that include a similar feature or over-improvement? Without comparable sales, we can’t demonstrate market support or justify an adjustment for the premium feature. Cost does not equal value – Just because something was expensive to install doesn’t mean the market will pay for it. Have you come across any great examples of over-improvements? Was your client able to recover the cost? If you’re listing something unique, I’m happy to review comps or discuss how value might be reconciled in today’s market.

Overimproved for the Neighborhood? Here’s How That’s Handled

Ever listed a home with a unique feature or upgrades far beyond anything else nearby?

Appraisers refer to this as superadequacy or over-improvement and yes, it matters.

We typically determine whether the market supports the premium features. For example:

Marketability – Are there sales in the neighborhood (or in a competing area) that include a similar feature or over-improvement? Without comparable sales, we can’t demonstrate market support or justify an adjustment for the premium feature.

Cost does not equal value – Just because something was expensive to install doesn’t mean the market will pay for it.

Have you come across any great examples of over-improvements? Was your client able to recover the cost?

If you’re listing something unique, I’m happy to review comps or discuss how value might be reconciled in today’s market.