Use this post to help homeowners understand what it means when a home suffers from “functional obsolescence.” This can be useful when you have clients who don’t understand why certain aspects of their “perfectly fine house” is no longer appealing to current buyers.
- Understanding Functional Obsolescence and Your Home
- Do homes expire? Understanding functional obsolescence
- When is it time to upgrade a house?
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Can a perfectly useful home “expire”? The answer is yes. If you’ve never heard of “functional obsolescence,” now’s a good time to familiarize yourself with the term.
From the post:
Sometimes a perfectly nice home in fine shape simply won’t sell. Fresh paint, fine curb appeal, a solid neighborhood… and no offers. Sellers are baffled and irritated. “But I’ve been living in this home ten years! There’s nothing wrong with it!” Often the culprit is “functional obsolescence.”
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