Property Valuation
A Colorado appraiser notes a property has 'deferred maintenance.' This refers to:
AFuture improvements planned by the owner
BMaintenance that has been neglected and needs attention, reducing current value✓ Correct
CMaintenance costs that have been prepaid
DImprovements completed without building permits
Explanation
Deferred maintenance refers to maintenance and repairs that have been delayed or neglected, such as peeling paint, damaged gutters, or worn roofing. It represents a form of curable physical deterioration that reduces current market value.
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