Which term refers to features that make a property out of date or non-functional?

Functional obsolescence refers to the reduction in a property's value due to outdated design features or the inadequacy of certain elements that make the property less desirable or effective for modern use. This condition can arise from various factors, such as changes in technology, shifts in consumer preferences, or regulatory modifications that render certain property features less functional or appealing.

For instance, a home with a single bathroom in a neighborhood where most homes now offer two or more bathrooms might suffer from functional obsolescence. This condition impacts the property's market value because potential buyers may view this feature as a drawback compared to more modern properties.

The other terms presented do not specifically relate to the concept of a property's features becoming outdated or non-functional. A Comparative Market Analysis (CMA) is used to determine property values based on sales data of similar properties. Recaptured depreciation refers to the tax implications when a property is sold for more than its appreciated value, and value-in-use pertains to the worth of a property based on its specific use rather than market comparison. Each of these terms serves a distinct purpose in real estate valuation and analysis, but none align with the definition of features that create obsolescence in a property.