Property Valuation
Which of the following is an example of 'external obsolescence' for a Florida home?
AA cracked foundation requiring repair
BAn outdated galley kitchen with poor layout
CConstruction of a commercial truck depot adjacent to a residential neighborhood✓ Correct
DA bathroom with only one sink in a 4-bedroom home
Explanation
External obsolescence (also called economic or locational obsolescence) is caused by factors outside the property — a nearby truck depot, airport, landfill, or economic downturn. It is typically incurable by the owner.
Related Florida Property Valuation Questions
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