Property Valuation
Which of the following would be considered a physical characteristic affecting property value?
AThe neighborhood's proximity to a shopping center
BThe size, age, and condition of the building✓ Correct
CThe local property tax rate
DThe availability of mortgage financing
Explanation
Physical characteristics affecting value include the size, age, condition, quality of construction, and features of the building itself. Location, economic factors, and financing are external (economic or locational) characteristics.
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