Property Valuation (alternative)
Functional obsolescence in a Maryland home appraisal refers to:
APhysical deterioration from weather
BExternal factors like highway noise reducing value
CA loss in value from outdated design, layout, or features✓ Correct
DTermite damage to the structure
Explanation
Functional obsolescence is a loss in property value caused by outdated design, layout, or features (such as outdated plumbing or a poor floor plan) rather than physical deterioration.
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