the principle of progression

Published 6.27.2010 by dr. merkl in , ,  

My sound property lists "the principle of progression" as:


An appraisal term which states that real estate of lower value is enhanced by the proximity of higher-end properties.
Contrast this with the "principle of regression" as:

An appraisal term which states that the value of higher-end real estate can be brought down by the proximity of too many lower-end properties.

Unifying both of these principles is the "principle of conformity" which is stated as:

The idea that a house will more likely appreciate in value if its size, age, condition and style are similar to, or conform to, other houses in the neighborhood.

Subscribe to: Post Comments (Atom)

0 comments:

Post a Comment