Property Valuation
In Wyoming, functional obsolescence that is curable means:
AIt cannot be corrected by the property owner
BThe cost to correct it is less than or equal to the value it adds✓ Correct
CIt requires government approval to correct
DIt only affects the physical condition of the property
Explanation
Curable functional obsolescence exists when the cost to cure the deficiency is less than or equal to the resulting increase in value. For example, adding a bathroom to a three-bedroom home with only one bathroom would be curable if the addition cost is justified by the value increase.
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