Property Valuation
Functional obsolescence in appraisal refers to:
ADeterioration due to weather and age
BLoss in value due to outdated design, poor floor plan, or inadequate features✓ Correct
CLoss in value from factors outside the property
DPhysical damage caused by the owner
Explanation
Functional obsolescence is a loss in value caused by outdated or inadequate features within the property itself, such as an old-fashioned floor plan, lack of a garage, or outdated plumbing.
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