Question

One house in a large neighborhood stands out because, compared to the others, it is not well maintained. Which concept best explains this single home's impact on the surrounding community?

Options:
A) Highest and best use
B) External obsolescence
C) Economic regression
D) External influences

Answer 1

The concept that best explains the impact of one poorly maintained house in a neighborhood is external obsolescence. External obsolescence refers to factors outside a property that negatively affect its value.

Step-by-step explanation:

The concept that best explains the impact of one poorly maintained house in a large neighborhood is External obsolescence. External obsolescence refers to factors outside a property that negatively affect its value. In this case, the poorly maintained house stands out compared to the others, and its poor condition can result in lower property values, a negative perception of the neighborhood, and potential disinvestment from other homeowners.