Property Valuation
A Maine appraiser notes that a home's single-car garage has been converted to living space. This modification most likely represents:
ACurable physical depreciation
BA potential functional obsolescence issue if the market expects a garage✓ Correct
CExternal obsolescence
DAn increase in value regardless of market preferences
Explanation
If the local market expects single-family homes to have garages, converting a garage to living space could represent functional obsolescence (a feature that no longer meets market expectations), potentially reducing value.
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