Mar 26, 2024 · Functional Obsolescence, the loss of a property’s value caused by obsolete design features, stands in contrast to other forms of depreciation, such as economic obsolescence or …

Jul 16, 2021 · What Is Functional Obsolescence? Functional obsolescence is the reduction of an object's usefulness or desirability because of an outdated design feature that cannot be easily …

Nov 7, 2025 · Identify functional obsolescence in real estate, understand its effect on property value, and learn how to mitigate its financial impact.

Feb 25, 2025 · Functional obsolescence reduces property desirability due to outdated, hard-to-alter features. It includes curable issues (fixable by renovation) and incurable ones (costly or …

Dec 9, 2025 · Functional obsolescence is split into two categories based on the economic feasibility of correcting the deficiency: curable and incurable. Curable functional obsolescence …

Functional obsolescence is the loss of an object's utility or appeal due to an antiquated design element that is difficult to update or replace. The term holds various meanings for different …

What Functional Obsolescence Means For Real Estate Appraisers When an appraiser identifies functional obsolescence during a real estate appraisal, it generally points to a loss in value.

Functional obsolescence refers to the state when a design feature in real estate loses its demand since it is archaic, and other modern designs have taken over.

Functional obsolescence in real estate refers to the impairment of a property’s functional capacity according to market tastes and standards. It occurs when a property’s design, features, or …

Guide to what is Functional Obsolescence. We explain its examples, compare it with economic obsolescence, and discuss its types.