What might be a typical characteristic of an "over-improved" property?

An "over-improved" property is typically characterized by high-end renovations or features that exceed the expectations of the local market. This can include luxurious finishes, state-of-the-art appliances, or extravagant landscaping that are not common for similar homes in the neighborhood. When such enhancements are made, they can often lead to a situation where the value added by these improvements does not equate to their cost, resulting in a potential mismatch between the property value and what comparable homes are selling for in the area.

High-end renovations may appeal to a niche market, but if they are too far removed from what buyers expect in that particular locality, the property could struggle to recover its investment cost upon resale. Thus, the other options, which suggest balance, typicality, and consistency, do not align with the concept of being "over-improved," which inherently involves excess that disrupts market norms.