Answer :
An example of functional obsolescence in real estate is outdated plumbing. Option A. Functional obsolescence in Real Estate refers to a property losing value due to outmoded features or design. In the provided choices, 'outdated plumbing' is an example of functional obsolescence.
In Real Estate, functional obsolescence refers to a decrease in property value due to a feature or lack thereof, which makes the property outdated, not because of physical deterioration, but due to design or other features that have become less desirable when compared to new homes or renovations in the market.
This could be related to an old-fashioned design, layout, or outdated elements within the property.
Answering your question, option 'A) outdated plumbing' best defines an example of functional obsolescence in Real Estate as it represents a system that isn't up to current standards, hence, making the house less desirable for potential buyers.
Hence, the correct answer is Option A.
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