Property Valuation
Curable depreciation in a property appraisal means:
ADepreciation caused by external factors outside the property
BPhysical or functional deterioration that is economically justified to repair✓ Correct
CDepreciation that cannot be fixed regardless of cost
DStraight-line depreciation calculated for tax purposes
Explanation
Curable depreciation refers to items where the cost to repair is less than or equal to the value added by the repair — making it economically feasible to cure. Worn carpets and a dated kitchen are examples.
Related Alaska Property Valuation Questions
- An Alaska appraiser estimates that a property's highest and best use as vacant would be residential development. The highest and best use as improved is a commercial building. This difference suggests:
- A 'before and after' appraisal method is most commonly used in:
- Reconciliation in the appraisal process means:
- External obsolescence in property appraisal is caused by:
- The appraisal approach most commonly used to value single-family residential properties in Alaska is the:
- In the sales comparison approach, 'paired sales analysis' is used to:
- Which of the following is TRUE about the principle of conformity in real estate appraisal?
- The 'reproduction cost' in the cost approach refers to:
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