What defines Super Adequacy in property appraisal?

Super Adequacy in property appraisal refers to improvements or features in a property that go beyond what is considered typical or necessary for the given market or area. This can include high-end finishes, upgraded systems that are more advanced than what most buyers would seek, or additional amenities that are not standard. These enhancements may lead to higher costs than the value they add to the property, making them a characteristic of super adequacy.

In contrast, items that meet average standards of construction relate to the status quo, and those that are less than industry standards would be considered substandard. Functional obsolescence, which refers to a reduction in a property’s appeal or functionality due to changes in design, technology, or buyer expectations, does not align with the concept of super adequacy either. Thus, identifying features that exceed industry standards helps in determining the presence and implications of super adequacy in property appraisal.