What is it called when the estimate of value is adjusted because of - ProProfs Discuss
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What is it called when the estimate of value is adjusted because of an outdated kitchen?

Asked by Myrealestatetutor, Last updated: Jul 01, 2022

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myrealestatetutor

myrealestatetutor

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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