Over-Improvement or Super Adequacy?

[Anonymous]

Interesting thread and reminds me of one I started a few weeks ago about a 5,000 SF home in a small town school district that will be the largest house in the school district and I took a functional discount for superadequacy.

If I read post 2 correctly, an over-improvement would be external (environmental?) obsolescence and reflects the condition I allude to above instead of a super-adequacy which suggests only a component or components of that improvements were excess to the market "norm."

I like that distinction, and I think it would answer the questions I asked weeks ago. I should have reflected an external obsolescence, because if the dwelling was in the appropriate neighborhood (the other side of county, lakeside, etc.) there would be no items super-adequate. I.e.- a $40,000 chandilier is super-adequate in most markets, but a new home in the slums is an over-improvement.

Terrel

 

[Roger]

Overimprovement is a new $200,000 residence in a homogenous subdivision of older, $50-70,000 homes, it's external/economic.

Superadequacy is 5 bathrooms in a two bedroom house, its internal/functional.

At least that's how I look at it.

 

[Pamela Crowley (Florida)]

Roger,

Excellent analogy! That makes it very clear. Thanks!

 

[Douglas Mackay]

Pamela,

I agree...I like Roger's concise description. I have a tendency to be too "wordy."

Doug

 

[Terry Russell]

In answering your question "What does the Yield sign mean?"

In my experience it means that when two or more vehicles are nearing a YIELD "Zone" you try to make eye contact with the other drivers.

The rule is, That if you look at the other driver and they are already looking at you, then they are not required to yield.

And vice versa or is it vice vice? It might end up vis-a'-vis.

you're welcome.

 

[Tim The Enchanter]

atc,

Based on the drivers around here, "Yield" signs mean PUNCH IT AND SQUEEZE THE OTHER GUY OUT! (Get thee behind me Satan! :twisted: ) Same as a yellow traffic signal. Pedal to the metal. :twisted: Pass with care sign? WFO :twisted:

Green light means look for lunatics coming on the cross street, THEN go. Don't pretend it's a drag race, and take the holeshot. 8O

If you like motorcycles like I do, then keep in mind THEY'RE ALL OUT TO GET YOU! Maybe not, but many drive like it.

I think the definitions in the Motor Vehicle Code will differ. :lol:

Public Service Announcement!
Share the road! :wink:

 

[Pat Butler]

The different definitions and examples provided by different appraisers here shows why the most important thing is to use your own term, and provide your own definition for the client- maybe not a strict definition, but follow the use of the term with somewhat of an explanation.

It's like the old golf course question. Should that be reported under View or Location? Who cares! Put it in either field and be consistent with the comps and provide an explanation. No need splitting hairs when there is no one recognized authority for our definitions.

Pat

 

[Austin]

It seems like a minor point what you call the source of the excess, just so you recognize and account for the excess, but on the other hand words mean things and it is best to preserve the language. In my mind over-improvement relates to highest and best use. It has the connotation of a loss in value due to a lack of conformity or harmony with the neighborhood norm. The total property is above the neighborhood norm.
On the other hand, super adequate means an excess of something. A foundation that will support double the required load, fixtures whose quality far exceeds the standards required, over sized hvac capacity, excessive bath fixtures like his and her toilets side-by-side ( I still can’t figure that one out). , etc.
If you look at it this way, it is clear that two standards of measurement are involved. Over-improvement is a total property concept and super adequate is a value factor concept. One is a measure of a residual and the other the difference between the excess less the standard. It is macro vs micro. Or so it seems to me.

 

[Terry Russell]

In lieu of non-words/phrases, perhaps shedding the light on ostentation. Which basically means "it is not necessary" or "serves no practical function."
Or the only function being is for one to "stand in the spotlight" or perhaps you could clarify it with a few of these expressions:

display, show, parade, pomp, splash, glitter,

strut, swagger, pomposity, showing off, flying colors,

field-day, tomfoolery, solemn-mockery, attitudinarian.

(And my quick pick's.)

Blow-One's-Own-Trumpet.

Put-a-Good-Smiling-Face-Upon.

Gaudy-as-a-Peacock.

Aren't there macros for these.?

I not be the judge, just the librarian.