Question

Which factor that influences value considers the property's function?

A) Economic factors
B) Location factors
C) Physical factors
D) Utility factors

Answer 1

Utility factors consider the property's function and influence its value.

Step-by-step explanation:

The factor that influences value and considers the property's function is Utility factors. Utility factors refer to the characteristics of a property that make it useful or functional for a specific purpose. For example, if a property is zoned for commercial use and is located in an area with high demand for retail businesses, it would have high utility value. On the other hand, if a property is zoned for residential use but is surrounded by industrial factories, its utility value might be lower. Therefore, utility factors play an important role in determining the value of a property.