Property Valuation
In Florida appraisal, 'functional obsolescence' refers to:
ADeterioration of a property due to age and wear
BLoss in value due to factors outside the property boundaries
CLoss in value due to features of the property that are no longer desirable or useful✓ Correct
DAppreciation from recent renovations
Explanation
Functional obsolescence is a loss in value due to the property's own design, layout, or features being outdated or no longer in demand (e.g., a one-bathroom home in a four-bedroom house, or an awkward floor plan).
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