Section 11

Functional Obsolescence

Appendix F-1, page 149

The Functional Obsolescence section always displays, and provides information about any functional issues for the property, as well as space for additional commentary and exhibits.

Example:

URAR form snippet

URAR form snippet

Functional Obsolescence

Report Field ID Report Label When to Include Allowable Answers / Format Definition / Additional Guidance
11.000 Functional Issues Always required Choose one or more allowable answer from table (Functional Issues) Functional Issue: An apparent functional issue observed.
- None
- Ceiling Height
- Floor Plan
- Nonconformity
- Overimprovement
- Underimprovement
- Other (Describe)
Notes:
- If functional issues are identified, describe the issue and the impact to value and marketability in Functional Obsolescence Commentary.
- Photo(s) may be provided, which display in Functional Obsolescence Exhibits.
11.001 Functional Obsolescence Commentary If there are functional issues, or if relevant Free-form Commentary could include information pertinent to the Functional Obsolescence section that is not captured in the discrete data, or additional details to support the discrete data that is provided.

Functional Issues (Choose all that apply)

Allowable Answer Definition / Additional Guidance
None Select None if there were no functional issues observed by the appraiser.
Ceiling Height The ceiling heights do not meet the typical market standards, and / or impact the livability of the dwelling.
Floor Plan The floor plan does not meet the typical market standards, and / or impacts the livability of the dwelling.
Nonconformity The improvements significantly differ from other properties in the surrounding area (e.g., age, style, size, use).
Overimprovement A component or characteristic that is not fully valued by the market due to exceeding typical expectations in comparison to other properties, so as to create diminishing return on improvements.
Underimprovement A component or characteristic that does not rise to the level of typical expectations as compared to other properties, so as to create diminishing return on improvements.
Other (Describe) Select Other to enter an answer that is not in the above list.

Functional Obsolescence Exhibits#

All photos or images related to the Functional Obsolescence section are displayed in the Functional Obsolescence Exhibits subsection. If there are no photos or images, this subsection does not display.

Functional Obsolescence Exhibits

Report Field ID Report Label When to Include Allowable Answers / Format Definition / Additional Guidance
See iGuide Functional Obsolescence Exhibits If applicable Photos or images Photos or images relevant to the Functional Obsolescence section may be provided, which display in Functional Obsolescence Exhibits. If the photo or image is not specifically indicated above, provide caption to further identify the photo or image.