Property Valuation
A property with 'functional obsolescence' due to having only 1 bathroom in a 5-bedroom home represents:
ACurable functional obsolescence if adding a bathroom costs less than the value it adds✓ Correct
BIncurable physical deterioration
CExternal obsolescence from market factors
DIncurable economic obsolescence
Explanation
Functional obsolescence from inadequate bathrooms is typically curable—if the cost to add a bathroom is less than the value increase, it should be corrected. Curable functional obsolescence = items worth fixing economically.
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