What is superadequacy? It’s basically a synonym for “overimprovement”. It’s when a property is overimproved and the cost exceeds the value it adds to the property. Examples of superadequacy would be a 10-bedroom house in a 3-bedroom neighborhood, a swimming pool that costs $40,000 but adds $10,000 in value, an air conditioning unit in Antarctica, solid gold bathroom countertops or a $50,000 kitchen remodel in a $100,000 neighborhood.
Can you spot any superadequacy in the 30-second clip I shot below?
What examples of overimprovement have you seen? Can you think of instances of overimprovement found on television remodel shows?