google bot detected Functional Obsolescence | Real Estate Glossary | Realestateagent.com

Functional Obsolescence


Definition of "Functional obsolescence"

Georgia Curie
  Cherry Creek Properties LLC

Also called functional depreciation. Loss of value that results from improvements that are inadequate, outdated, overly adequate, or improperly designed for today's needs. May be curable or incurable.



Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ