Which principle suggests that properties should conform to surrounding properties for maximized value?

The principle that suggests properties should conform to surrounding properties for maximized value is known as conformity. This principle posits that the value of a property is enhanced when it aligns with the characteristics, styles, and uses of neighboring properties. When a property fits in well with its surroundings—such as in terms of size, type, and use—it is more likely to achieve its highest and best value because it aligns with the expectations of potential buyers and the overall cohesive appeal of the area.

For example, in a residential neighborhood of single-family homes, a property that maintains similar architectural styles, sizes, and land uses will likely see an increase in its value. If a property were to deviate significantly from these characteristics, it might detract from its value, as buyers may not see it as appealing or appropriate for the area.

In summary, the principle of conformity emphasizes that properties benefit from being similar to their surroundings, which ultimately supports maximizing their value. Other principles, such as substitution, progression, and regression, address different aspects of property valuation and market dynamics, which do not specifically focus on the concept of conformity in neighborhood context.