Property Valuation
Functional obsolescence that is considered 'curable' means:
AIt is caused by external factors outside the property
BThe cost to fix the deficiency is less than or equal to the value it adds✓ Correct
CThe building cannot be repaired under any circumstances
DThe deficiency is entirely due to deferred maintenance
Explanation
Curable functional obsolescence is a deficiency where the cost to cure (repair or update) is less than or equal to the resulting increase in value — making it economically worthwhile to fix. Incurable obsolescence costs more to fix than it adds in value.
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