Over-improvements are also known as
"Super-adequacies" or "Functional
Obsolescence" in an appraisal report. When a
structural component or addition to the
property is of a higher quality than what is
expected by the market and neighborhood, it
is considered an over-improvement. These
improvements have a cost which exceeds the
return in value.
A good example of
over improvements would be a construction of
a large expensive home within a
neighbourhood consisting almost exclusively
of small, detach aged or townhouse homes.
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