A 4 bedroom, 1 bath home is an example of?

A 4 bedroom, 1 bath home is an example of?

• A. Functional obsolescence
• B. A physical problem
• C. Over-improvement
• D. Incurable obsolescence

Answer: (A)

Functional obsolescence refers to a decrease in the value of a property due to outdated features or a design that does not meet current market expectations. In the example of a 4-bedroom, 1-bath home, the mismatch between the number of bedrooms and the single bathroom is a classic sign of functional obsolescence. Modern buyers often expect at least two bathrooms in a home of that size to accommodate the needs of families. This situation can lead to reduced marketability and value as it reflects an inefficiency in the property’s design that does not align with current consumer preferences. Addressing functional obsolescence usually involves renovations or improvements that can be expensive or complex, depending on the property’s layout and plumbing systems. Other options focus on different aspects of property value, such as physical problems that refer to structural issues, over-improvement relating to enhancements beyond market standards, and incurable obsolescence which indicates a permanent decrease in value due to external factors. However, the specific issue in the example given is clearly a mismatch of functional attributes, which is characteristic of functional obsolescence.

Functional obsolescence refers to a decrease in the value of a property due to outdated features or a design that does not meet current market expectations. In the example of a 4-bedroom, 1-bath home, the mismatch between the number of bedrooms and the single bathroom is a classic sign of functional obsolescence. Modern buyers often expect at least two bathrooms in a home of that size to accommodate the needs of families. This situation can lead to reduced marketability and value as it reflects an inefficiency in the property’s design that does not align with current consumer preferences.

Addressing functional obsolescence usually involves renovations or improvements that can be expensive or complex, depending on the property’s layout and plumbing systems. Other options focus on different aspects of property value, such as physical problems that refer to structural issues, over-improvement relating to enhancements beyond market standards, and incurable obsolescence which indicates a permanent decrease in value due to external factors. However, the specific issue in the example given is clearly a mismatch of functional attributes, which is characteristic of functional obsolescence.