Valuation & AppraisalQuestion 56 of 120
The principle that value is maximized when properties in an area are reasonably similar in style and use is the principle of:
a.Anticipation
b.Substitution
c.Contribution
d.Conformity
Explanation
The principle of conformity states that value is enhanced when a property is in harmony with surrounding properties in use, style, and size. Reasonable uniformity in a neighborhood supports stable values. Marked non-conformity can depress value.
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