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Thursday, November 21, 2019

What is the mean by Functional obsolescence in real estate?

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If you are searching for the meaning of Functional obsolescence in real estate and also a definition of Functional obsolescence,  then this blog post is helpful for you

Definition

Loss of value of real property caused by modernization or changing tastes or standards; e.g.. single bath, inadequate closet space, etc. Contrast with economic obsolescence. 

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