What is it called when the estimate of value is adjusted because of

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what is IT called when the estimate of value is adjusted because of an outdated kitchen?this question is part of florida real estate general math (a)

myrealestatetutor · Accepted Answer

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.

What is it called when the estimate of value is adjusted because of an outdated kitchen?

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What is it called when the estimate of value is adjusted because of an outdated kitchen?

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