Property Valuation
An appraiser notes that a home has only one bathroom while most comparable homes have two. This would likely be treated as:
AExternal obsolescence
BFunctional obsolescence — a deficiency that reduces the property's value✓ Correct
CPhysical deterioration
DEconomic obsolescence
Explanation
Having fewer bathrooms than market expectations is functional obsolescence — a deficiency in the property's design or features that reduces its value compared to competing properties.
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