Property Valuation
Functional obsolescence in a West Virginia property refers to:
APhysical deterioration from age and wear
BA loss in value due to a feature that is inadequate, outdated, or superfluous given current market standards✓ Correct
CExternal factors like a new highway nearby
DDepreciation caused by the owner's neglect
Explanation
Functional obsolescence is a loss in value caused by deficiencies or superadequacies within the property itself, such as an outdated floor plan, too few bathrooms, or obsolete electrical systems.
Related West Virginia Property Valuation Questions
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