Property Valuation
Physical deterioration in an appraisal refers to:
AZoning changes that reduce property value
BThe wear, tear, and aging of a structure's physical components✓ Correct
COutdated floor plans or design
DProximity to a nuisance
Explanation
Physical deterioration is the loss in value caused by physical wear and aging, such as a deteriorating roof, cracked foundation, or aging HVAC system. It can be curable or incurable depending on whether repair is cost-effective.
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