Virginia Real Estate Exam Practice Question
What effect will a propertys utility have on the value if it is currently uninhabitable?
Correct Answer: B
Rationale: A property's utility significantly influences its value, especially when it is uninhabitable. If a property cannot be used for its intended purpose, its appeal and marketability decrease, leading to a downward push on value.
Option A is incorrect as utility directly affects value; a lack of utility diminishes it. Option C mistakenly suggests that uninhabitable properties would increase in value, which contradicts market principles. Option D overlooks the reality that an uninhabitable status typically leads to depreciation in value due to limited functionality and desirability. Thus, the value is indeed pushed downward.
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