WebSep 5, 2012 · The question boils down to “What is the big #$%^&*@! deal with non-permitted additions?”, for residential lending purposes. Of course this stems from the fact that many residential lenders are pushing back appraisals that have given value consideration to an addition which was non-permitted at the time of construction. This... WebMay 26, 2024 · An overbuilt improvement or superadequacy (a type of functional obsolescence) is more probable in a luxury home than a …

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WebMay 20, 2024 · Functional utility is a prescribed element included in a professional real estate appraisal. Appraisals analyze the features of the home and determine its functional utility, or its ability to adequately provide for its intended purpose. A home should generally provide adequate living conditions. What is functional obsolescence in real estate? WebJan 1, 1999 · The functional utility of warehouse space encompasses much more than just clear heights. The layout of the building and surrounding yard area, as well as the dock … bruce house cumberland

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Webutility The placement of a building on its lot in relation to exposure to sun, prevailing wind, traffic, and privacy from the street. orientation Age of a building determined by its condition and usefulness. effective age Sets with similar terms WebIn the context of real estate, functional obsolescence is used to describe a property that is in the process of becoming obsolete. This could be due to some type of functional … http://www.realstat.com/download/discredit.pdf bruce house angus council