QUESTION: Sir John, I am a municipal planning officer in one of the island municipalities in Visayas and also a licensed broker. What is your advice on how we can make our municipality beautiful?
ANSWER: Make a local law that will regulate house construction to conform into a uniform color scheme. It will make your place worth visiting.
Below are the various definition of the Principle of Conformity. For added reference, please look also at the image link below.
Principle of conformity - The idea that a house will garner a fair price if it is located near houses of similar size and condition. (http://www.mortgageloan.com/finance-glossary/Principle-of-conformity)
Principle Of Conformity - An appraisal principle that holds that use conformity is desirable in creating and maintaining higher values and that maximum value is realized when a reasonable degree of homogeneity of improvements or similarity of properties is present in an area. (http://www.realestatewords.com/byword/real_estate_words_definition_Principle_Of_Conformity.htm)
An Appraisal principle that holds that property tends to reach maximum value when the neighborhood is reasonably homogeneous in social and economic activity. (http://www.answers.com/topic/conformity-principle)