Which condition would most likely cause functional obsolescence in a residential property?
Correct Answer
B) Outdated electrical system that cannot handle modern appliances
Functional obsolescence is a loss in value from inadequate or outdated design or features within the property itself. An electrical system that cannot support modern appliances reduces the home's utility, which is a classic example. A new highway and a declining neighbourhood are external factors, and peeling paint and worn carpet are physical deterioration.
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