Final answer:
An example of external obsolescence is d. Increased speed limit in a residential neighborhood, due to its potential to reduce property values by increasing noise and safety concerns. option d is correct
Step-by-step explanation:
option d is correct An example of external obsolescence is when a factor outside of a property causes a decrease in its value. In the choices given, d. Increased speed limit in a residential neighborhood is an example of external obsolescence. This is because the change in the speed limit is an external factor that could lead to increased noise and safety concerns, potentially reducing the desirability and thus the value of the surrounding homes.
Other instances of external obsolescence can include environmental changes, such as when trash dumped upstream flows downstream past a home, or socio-economic factors, like an area's declining industry leading to a decrease in population and demand for housing. Unlike planned obsolescence, where products are designed with a limited useful life, external obsolescence is often unpredictable and can impact property values without any changes to the property itself.
External obsolescence refers to a decrease in the value of a property due to factors outside the property itself. One example of external obsolescence is a increased speed limit in a residential neighborhood. This can decrease the desirability and value of homes in the area as it can lead to safety concerns and noise pollution. Other examples of external obsolescence include a leaky roof (a problem with the property itself), a one-car garage (a functional limitation of the property), and a swimming pool that leaks (a problem with the property itself).