Which adjustments reflect either a superior or inferior location for comparable properties?

Location adjustments are critical in property valuation as they account for the differences in value attributed to the geographical location of comparable properties. When evaluating comparable properties, it is essential to recognize how location influences desirability and market value. For instance, properties located in more sought-after neighborhoods typically command higher prices due to factors such as proximity to amenities, quality of schools, and overall community appeal.

In contrast, other types of adjustments, such as lot size adjustments, time adjustments, or physical characteristics adjustments, primarily focus on different aspects of the properties themselves rather than their locational context. While all types of adjustments are important in the overall valuation process, location adjustments specifically address the influence of a property's surroundings on its value, making them the most relevant when comparing how a superior or inferior location affects comparable properties.