A property suffers from functional obsolescence, with most damage resulting from issues that are curable. This suggests that:

When a property is affected by functional obsolescence and most of the issues are deemed curable, it indicates that the problems leading to the obsolescence can be addressed or improved upon. Functional obsolescence typically refers to a reduction in a property’s value due to outdated features, poor design, or inefficient use of space that makes the property less desirable compared to newer properties or modern standards.

The term "curable" suggests that the issues can be remedied or improved without excessive expense or effort. Thus, if the problems can be restored at a reasonable cost, the property can regain much of its value and utility. This could involve renovations, updating outdated systems, or altering the layout to better suit current market preferences. By addressing these curable factors, the overall marketability and value of the property can significantly enhance.

In contrast, the other options imply limitations or permanence to the obsolescence. The assertion that the property cannot be improved would contradict the nature of it being curable. Similarly, claiming that it has no significant value or should be demolished overlooks the potential for restoration provided by the curable nature of the issues. Therefore, recognizing that the property can be restored at a reasonable cost truly highlights the viable solutions to enhance its functionality and