Definitions for "PRINCIPLE OF CONFORMITY"
The principle that buildings should be similar in design, construction and age to other buildings in the neighborhood to reach their highest value.
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.
The concept that a house will be more likely to appreciate in value if it is similar to other houses in the neighborhood.
The notion that a house will fetch a fair price if it is situated among houses of similar size, style and condition.
The belief that a dwelling will draw a fair market price if it is located with similar dwellings of the same size, style, and condition.