Property Valuation
Functional obsolescence in a Maryland home would BEST be described as:
ADeferred maintenance on the roof
BA one-bedroom home in a market where buyers demand three bedrooms✓ Correct
CProximity to a busy highway
DRising interest rates reducing buying power
Explanation
Functional obsolescence is a loss in value due to deficiencies or superadequacies within the property itself, such as an inadequate number of bedrooms for the market.
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