Superadequacy - Is a type of functional obsolescence. It is a feature of real estate that is not fully valued by the marketplace because it is better, or larger and is generally not typical of similar properties in the surrounding area.
| • | Superadequacy - This is an improvement that costs more than its contributory value. |
| • | Superadequacy is never curable. |
Examples of Superadequacy
A tennis court that costs $20,000 to install but only adds to $10,000 of value to the house.
A converted loft that costs $100,000 to convert but only adds $50,000 to the house.
An owner that installs gold gold faucets in the the bathrooms in the house at cost of $20,000 but only adds $5000 to the value of the property.
| • | Superadequacy is an improvement that costs more than its contributory value. |
| • | Superadequacy is never curable. |