Property Valuation
An appraiser determines that a Providence property has a functional obsolescence due to an outdated bathroom layout. This type of depreciation is caused by:
AExternal forces such as neighborhood decline
BPhysical wear and deterioration
CDesign deficiencies within the property itself✓ Correct
DChanges in zoning regulations
Explanation
Functional obsolescence results from design deficiencies, outdated features, or inadequacies within the property itself, such as poor floor plans or outdated fixtures.
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