overbuilt house

It’s a bird! it’s a plane! It’s Superadequacy!

June 24, 2011 By Ryan Lundquist 11 Comments

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?

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our appraiser website or via Facebook.

Which house is overbuilt for the neighborhood?

December 13, 2010 By Ryan Lundquist 4 Comments

I came across this street in Sacramento last week and shot a quick video. Which house do you think might be overbuilt for the area? Does one stand out to you? The answer is obvious, I know, because one house is defnitely 2x or more the size of surrounding houses.

What disadvantages or advantages might an overbuilt house have? I’d love to hear your comments and stories below.

Let me know if you have any questions. Call 916.595.3735, email me, or contact me through my appraisal website.

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