Property Valuation
Functional obsolescence is caused by:
AExternal economic factors outside the property
BDeficiencies or superadequacies in the property's design✓ Correct
CPhysical wear and deterioration of the building
DZoning changes in the neighborhood
Explanation
Functional obsolescence results from design deficiencies (outdated floor plan, inadequate electrical service) or superadequacies (overbuilt features) that reduce the property's utility.
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