Property Valuation
What is 'functional utility' and how does it affect Delaware property value?
AThe utility company service available to a property
BA property's ability to function effectively for its intended purpose; inadequate utility (outdated design, poor layout) causes functional obsolescence✓ Correct
CThe functional life of mechanical systems in a building
DThe usefulness of location relative to commercial areas
Explanation
Functional utility measures how well a property's design, layout, and features meet current market standards and expectations. Properties with poor functional utility (outdated kitchens, inadequate closets, no en-suite bath) suffer functional obsolescence and reduced value.
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