Property Valuation
External obsolescence (economic obsolescence) is caused by:
APhysical deterioration of the building
BOutdated features inside the property
CFactors outside the property such as neighborhood decline or highway noise✓ Correct
DPoor maintenance by the owner
Explanation
External obsolescence is a loss in value caused by factors outside the property — such as a declining neighborhood, nearby industrial development, or increased traffic. It is generally incurable.
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