Business, 16.12.2021 02:40 mariabarcenas6807
The Rose family owns a home in a semi-rural area, house is about five years old. Recently, the state has announced plans for a new regional airport which will be placing their home directly in line with a main runway ending 1 mile before their home. If the airport is constructed, will this diminish the value of the Rose Home?
a. Yes, because of functional obsolescence.
b. Yes, because of economic obsolescence
c. No, because value would increase due to the location close to the airport.
d. No, because noise from aircraft passing overhead is not recognized as affecting property values.
Answers: 1
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The Rose family owns a home in a semi-rural area, house is about five years old. Recently, the state...
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