Property Valuation
External obsolescence affecting a Texas property is BEST described as:
AA cracked foundation caused by soil movement
BAn outdated kitchen layout that buyers dislike
CA nearby industrial facility causing noise and odor affecting neighborhood values✓ Correct
DA roof that has exceeded its useful life
Explanation
External (economic) obsolescence is loss in value caused by factors outside the property itself, such as proximity to a negative land use, economic decline in the area, or adverse changes in the neighborhood.
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