Property Valuation
External (economic) obsolescence in an appraisal is characterized by:
APhysical deterioration of the roof
BAn outdated kitchen layout
CA factory built nearby that produces unpleasant odors✓ Correct
DA basement that floods due to poor drainage
Explanation
External obsolescence (also called economic obsolescence) results from negative influences outside the property, such as proximity to a factory, airport noise, or neighborhood decline. It is incurable from the owner's standpoint.
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