Property Valuation
External (economic) obsolescence affecting a New Hampshire property is BEST illustrated by:
AAn outdated kitchen layout
BPeeling exterior paint
CA new highway constructed adjacent to a residential neighborhood✓ Correct
DA cracked foundation
Explanation
External obsolescence arises from forces outside the property, such as nearby highway construction, industrial rezoning, or economic decline. It is typically incurable because it cannot be corrected by the property owner.
Related New Hampshire Property Valuation Questions
- A NH appraiser's 'scope of work' in an appraisal report describes:
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- A NH appraiser estimating the value of a new medical office building would most likely use which appraisal approach as primary?
- The 'income capitalization approach' to value is most appropriate for:
- A NH appraiser who adjusts a comparable sale upward for the subject having a superior location is making what type of adjustment?
- A NH appraiser must complete what minimum education before being licensed as a trainee appraiser?
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- The appraisal principle of 'substitution' holds that:
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