Which of the following would be categorized as a cause of external obsolescence?
A) Lack of adequate insulation
B) Deterioration of indoor carpets
C) Increased traffic flow due to more intensive use in the local area
D) Outdated fixtures

Question

Quizplus · Accepted Answer

Increased traffic flow due to more intensive use in the local area would be categorized as a cause of external obsolescence because it is a factor outside of the property that negatively impacts its value. Lack of insulation, deterioration of indoor carpets, and outdated fixtures are examples of physical or functional obsolescence.

Which of the Following Would Be Categorized as a Cause