Property Valuation
Functional obsolescence in a Vermont property refers to:
APhysical deterioration of the roof
BLoss in value due to outdated or inadequate features within the property✓ Correct
CDecline in value caused by external neighborhood factors
DEnvironmental contamination affecting the site
Explanation
Functional obsolescence is a loss in value caused by features that are outdated, inadequate, or over-built relative to current market standards — for example, a single bathroom in a four-bedroom Vermont home.
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