"Curable caused by a deficiency requiring substitution or modernization" is NOT a type of Functional Obsolescence.
Which of the following is NOT a type of Functional Obsolescence?
Functional Obsolescence refers to a reduction in the desirability or usefulness of a property due to factors such as outdated design features, poor layout, or inadequate functionality. The term "curable" in this context implies that the obsolescence can be remedied or fixed. If a deficiency requires substitution or modernization, it suggests that the obsolescence can be addressed, making it "curable" rather than "incurable."
The other three options refer to types of Functional Obsolescence:
- "Incurable caused by a deficiency requiring an addition" implies that the obsolescence cannot be easily fixed and may require additional elements to compensate.
- "Incurable caused by a deficiency" suggests that the obsolescence is not easily remedied and may be due to a deficiency that cannot be easily addressed.
- "Incurable caused by a superadequacy" refers to a situation where a property has features that are excessive or superior to what is typical or necessary, leading to a form of obsolescence that is not easily corrected.