Property Valuation
Functional obsolescence in a property refers to:
APhysical deterioration due to normal wear and tear
BLoss in value caused by factors outside the property
CLoss in value due to outmoded design features or poor floor plan✓ Correct
DDecrease in value due to environmental contamination
Explanation
Functional obsolescence is a loss in value resulting from outdated or inefficient design features, such as an inadequate number of bathrooms, outdated kitchens, or a poor floor plan.
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