A loss of value to an improvement to real estate arising from func tional problems, often caused by age or poor design.

The reduced property value that is caused by a functional problem or liability.In many cases, functional obsolescence is caused by bad initial design or by age, and may include such things as lack of storage space, bad floor plan, outdated architecture, too-old plumbing, outdated fixtures, ceilings that are too high or too low, or other problems that make modern living difficult.

The need for replacement because a structure or equipment has become inefficient because of improvements discovered or invented since its construction.

Defects in a building or structure that detract from its value or marketability, usually the result of layout, design or other features that are less desirable than features designed for the same functions in newer property.

A detraction from the property value due to the design or material being less functional than the norm.

A loss in value of an improvement, resulting from poor or inadequate design or possibly from age.

A decrease in the value of property due to a feature or lack thereof which renders the property undesirable. Functional obsolescence can also occur when the surrounding area changes, rendering the property unusable for its originally intended purpose.

The loss of functional efficiency due to defective or dated design. This reduces a property's competitive position relative to more functionally efficient structures and may eventually lead to difficulties and abandonment.

Defects in a building or structure that detract from its value or marketability (see Obsolescence). Garden-type building. A modern, low-rise building typically found in suburban areas, that is built to blend in with its surroundings. Often of stucco exterior. Return to Top of Glossary

Loss in value due to out-of-date or poorly designed equipment while newer equipment and structures have been invented since its construction. Back to the Top

A loss of value due to out-of-date, old-fashioned or poorly designed equipment; a type of depreciation.

loss in value due to inability of a structure to adequately perform the function for which it was used as of the appraisal date. Examples might include poor or inappropriate floor plans, lack of modern equipment, inadequate heating and cooling capacity or dated architecture.

Loss in value due to out-of-date or poorly designed equipment while newer equipment and structures have been invented since it's construction. Select Another Letter

Loss in value of a property resulting from changes in tastes, preferences, or market standards.

Anything about the design or construction of a property that negatively affects its value. An example of this would be a property with 5 bedrooms and only 1 bathroom.

The loss of use or value of an asset due to a change in the market demands. A property in Buffalo with no furnace may be considered to be functionally obsolete and, therefore, difficult to sell.

Loss of value due to the existence of newer designs or structural technology.

A loss in value within a structure due to changes in tastes, preferences, technical innovations, or market standards. The item in question may be curable, such as lack of air conditioning in Florida, or incurable, such as exceptionally low ceilings in a warehouse, depending on the costs of correcting the item as compared to the benefits expected if the correction is made.

A loss in value to an improvement resulting from functional problems caused by age or poor design.

Loss in value resulting from things such as faulty design, inadequacies, over-adequacies, and equipment being out of date.

With regard to appraisal; it is a loss of value due to adverse factors within the structure that affect the utility or desirability of the building or structure. Example; a four bedroom house with only one bathroom.

Loss in value resulting from functional problems caused by poor design or age.

A loss in value of an improvement due to functional inadequacies, often caused by age or poor design. For example, functional obsolescence may be attributable to such things as outmoded plumbing or fixtures, inadequate closet space, poor floor plan, excessively high ceilings or antiquated architecture. Thus a warehouse with nine foot ceilings would probably suffer a loss in value because a modern forklift could not operate in such a small space.