Property Valuation
The 'principle of conformity' in Pennsylvania real estate appraisal suggests that:
AAll homes in a subdivision must be the same architectural style
BValue is maximized when a property conforms to the surrounding neighborhood in use, type, and size✓ Correct
CAppraisers must use the same approach to value for every property type
DProperties must comply with zoning before they can be appraised
Explanation
The principle of conformity holds that properties achieve maximum value when they are similar in use, style, and size to surrounding properties. An over-improved or under-improved property relative to its neighborhood will typically not achieve the same returns as conforming properties.
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