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What is it called when the estimate of value is adjusted because of an outdated kitchen?
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Myrealestatetutor
, Last updated: Jul 01, 2022
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myrealestatetutor
Myrealestatetutor
Answered Aug 29, 2019
Functional obsolescence.
The answer is functional obsolescence. Anything that is inferior due to operational inadequacies, poor design, or changing tastes and preferences is classified as functional obsolescence. *##**##*
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