Functional Obsolescence on Outbuilding

[Tom D]

I've been taught that an item is functionally obsolete when the cost to replace is more than its contributing value. Are there other reasons why an item can be functionally obsolete?

i would think that you should first think functional utility before functional obsolete. i live in a row home, but i could find uses for it.

 

[Terrel L. Shields]

I know a guy that has WELL over $100K in a new 40' x 60' barn. It is VERY nice.

Yep, I appraised one that had central heat and air, a restroom and office (finished out) and the floor was coated with a TUFCO resin industrial floor (he worked for them.) Overhead door, GDO, finished interior, insulated, etc. You can spend some bucks on it. I know a guy also who built a 1 bed apartment in his shop when single. He remarried and built a new house on the lot next door (he owned a number of lots there.) The shop is great and he can spend the day in the apartment without tracking grease into the house, etc.

 

[glenn walker]

Yep, I appraised one that had central heat and air, a restroom and office (finished out) and the floor was coated with a TUFCO resin industrial floor (he worked for them.) Overhead door, GDO, finished interior, insulated, etc. You can spend some bucks on it. I know a guy also who built a 1 bed apartment in his shop when single. He remarried and built a new house on the lot next door (he owned a number of lots there.) The shop is great and he can spend the day in the apartment without tracking grease into the house, etc.

That honeymoon didn't last long

 

[MrLA]

Storage shed, workshop, rumpus room. Find one like comp. Dam. Yesterday wiped me out. Worked 8 hours straight. Today is going be tough. We are all going till 10pm. Funeral to go to on Saturday so it is my 1st day off this year. I should have moved to Hawai'i when I had my chance.