Property Valuation
In New Mexico, a property with a 'deferred maintenance' issue of $15,000 would be treated how in an appraisal?
AIgnored if the property is otherwise in good condition
BValued 'as is' with the deferred maintenance reducing the property's condition rating and value✓ Correct
CRemoved from comparable sales data
DReported only if the client requests it
Explanation
Deferred maintenance (needed repairs that haven't been addressed) reduces the property's effective condition rating and is reflected as physical deterioration (typically curable) in the cost approach and as a negative adjustment in the sales comparison approach.
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