{"id":5523,"date":"2018-05-30T14:45:48","date_gmt":"2018-05-30T14:45:48","guid":{"rendered":"http:\/\/amat-inmo-wp.localhost\/2018\/05\/30\/is-the-functional-obsolescence-so-important-to-be-taken-into-account\/"},"modified":"2022-10-13T10:01:53","modified_gmt":"2022-10-13T10:01:53","slug":"is-the-functional-obsolescence-so-important-to-be-taken-into-account","status":"publish","type":"post","link":"https:\/\/www.amatimmobiliaris.com\/w\/en\/2018\/05\/is-the-functional-obsolescence-so-important-to-be-taken-into-account\/","title":{"rendered":"Is the functional obsolescence so important to be taken into account?"},"content":{"rendered":"<p style=\"text-align: justify;\">Acquiring a home is not an easy task, and the desire and the illusion can\u00a0get us wrong. The most important things are\u00a0doing the numbers and taking into accound all the possible subsequent expense in order the operation succeed.\u00a0And that&#8217;s what we want to talk about, known as <strong>&#8220;functional obsolescence&#8221;<\/strong>.<\/p>\n<p style=\"text-align: justify;\">What do we mean when we refer to <strong>&#8220;functional obsolescence&#8221;<\/strong>?<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11616 alignleft\" src=\"https:\/\/www.amatimmobiliaris.com\/w\/wp-content\/uploads\/2022\/01\/captura-3.jpg\" alt=\"\" width=\"442\" height=\"60\" \/><\/p>\n<p style=\"text-align: justify;\">Currently we have all heard of the obsolescence of the technical devices meaning that it begin\u00a0giving problems after approximately two years due to programmed obsolescence. But houses can also become obsolete and generate unforeseen expenses before their acquisition.<\/p>\n<p style=\"text-align: justify;\"><strong>When we are looking for a property we must think about this concept and what it entails.<\/strong><\/p>\n<p style=\"text-align: justify;\">The obsolescence in the real estate sector expressly refers to the loss of value of the property either because of its style, materials or design. For this reason it is important to also knowing the status of the properties with the same characteristics in the market or the same area.<\/p>\n<p style=\"text-align: justify;\">For example, if we are interested in an old house in a neighborhood full of brand new houses, we will consider this property obsolescent, since its value is lower in relation to its environment and, very likely, there would be few potential buyers. However, it can also happen that if old houses have better qualities, design or distribution than new ones potential clients would not pay what the new houses offer, in this case, by comparison.<\/p>\n<p style=\"text-align: justify;\">On the other hand, some particular\u00a0features of that property that can detract from value can also be considered obsolescent. Most of these characteristics are related to the design of that property. An example would be an old pool in an inappropriate place, the bathroom or kitchen furniture painted\u00a0in an\u00a0too outdated or flashy color, etc.<\/p>\n<p style=\"text-align: justify;\">When there is functional obsolescence we must ask an important question: <strong>could it be solved?<\/strong><\/p>\n<p style=\"text-align: justify;\">An insubstantial functional obsolescence would be, for example, when we talk about environment or structure in comparison and that which, to solve it, would cost more than the value of the property itself. When we speak of a solvable obsolescence we refer to its interior, to possible renovations and those that will increase its value over time. In this case the question would be, is it worth it? And, who should afford it?<\/p>\n<p style=\"text-align: justify;\">This last question is also very important and must be considered before carrying out the operation. Maybe the property is worth it and goes out on account to buy it and give it a posteriori value requested a reduction in the price or make the current owner take over the obsolescence. But, this is\u00a0a personal choice!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Acquiring a home is not an easy task, and the desire and the illusion can\u00a0get us wrong. The most important things are\u00a0doing the numbers and taking into accound all the possible subsequent expense in order the operation succeed.\u00a0And that&#8217;s what we want to talk about, known as &#8220;functional obsolescence&#8221;. What do we mean when we [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5524,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[763],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is the functional obsolescence so important to be taken into account? | Amat Immobiliaris<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.amatimmobiliaris.com\/w\/en\/2018\/05\/is-the-functional-obsolescence-so-important-to-be-taken-into-account\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is the functional obsolescence so important to be taken into account? | Amat Immobiliaris\" \/>\n<meta property=\"og:description\" content=\"Acquiring a home is not an easy task, and the desire and the illusion can\u00a0get us wrong. 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