What characteristic does Super Adequacy typically involve?

Super Adequacy refers to improvements or features within a property that go beyond what is considered typical or necessary in a specific market or industry. This often includes high-end materials, advanced technology, or other premium items that exceed standard expectations for properties in that category. Such features may enhance the visual appeal or functionality of a property but can also lead to overcapitalization, meaning the investment in these upgrades may not yield a proportional increase in property value.

Understanding this concept is important for appraisers as they assess property value based not only on standard features found in comparable properties but also on how over-improving a property can affect its marketability and worth. By recognizing super adequacy, appraisers can make informed judgments regarding how these enhancements are perceived in the local market setting.