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What is Functional Obsolescence in Real Estate?

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What is Functional Obsolescence in Real Estate?

What is Functional Obsolescence?

If you’re interested in investing in real estate, a term you should know is functional obsolescence. You’ve probably heard that you should avoid functional obsolescence in real estate in order to make profit. Maybe you’ve heard that certain designs are now functionally obsolete. 

So what does functional obsolescence mean in real estate? 

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