Property Valuation
A Massachusetts appraiser identifies 'functional obsolescence' in a 4-bedroom home that has only one bathroom. This is an example of:
ACurable functional obsolescence from a deficiency✓ Correct
BIncurable external obsolescence
CPhysical deterioration
DEconomic obsolescence from market changes
Explanation
Having only one bathroom in a 4-bedroom home is a functional deficiency (inadequacy) that may be curable if the cost to add a bathroom is less than the value added. Curable functional obsolescence from a deficiency is corrected by adding the missing feature.
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