Property Valuation
External (economic) obsolescence affecting Alaska property values might be caused by:
AA leaking roof that the owner has not repaired
BAn outdated kitchen that needs renovation
CThe closure of a major military base near a residential neighborhood✓ Correct
DA functional floor plan with too few bathrooms
Explanation
External obsolescence is a loss of value caused by factors outside the property's boundaries, such as economic conditions, neighborhood decline, or proximity to negative influences. The closure of a major employer like a military base creates external obsolescence because it reduces demand for nearby properties.
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