Property Valuation
External (economic) obsolescence is caused by:
AA leaking roof that needs repair
BAn outdated kitchen layout
CA new industrial facility opening adjacent to a residential neighborhood✓ Correct
DA bathroom that is too small
Explanation
External (economic) obsolescence is a loss in value caused by factors outside the property, such as nearby nuisances, economic downturns, or adverse zoning changes. It is typically incurable.
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