Property Valuation
External (economic) obsolescence affecting a Delaware property could be caused by:
AA leaky roof
BAn outdated kitchen layout
CA new highway constructed adjacent to the property✓ Correct
DDeferred maintenance to the HVAC system
Explanation
External obsolescence is a loss of value caused by factors outside the property, such as a new highway, proximity to commercial development, or neighborhood decline. It is usually incurable.
Related Delaware Property Valuation Questions
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