Property Valuation
When appraising a single-family home in Provo, Utah, the appraiser discovers the property has a dated kitchen. This would be classified as:
AExternal obsolescence
BFunctional obsolescence✓ Correct
CPhysical deterioration
DEnvironmental obsolescence
Explanation
A dated kitchen represents functional obsolescence—a loss in value due to outdated features, style, or design that fails to meet current market expectations. While physically sound, an outdated kitchen reduces the property's appeal and value.
Related Utah Property Valuation Questions
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