Property Valuation
In Ohio, an appraiser must report the 'as-is' value of a property. If the property has deferred maintenance, the appraiser should:
AIgnore the deferred maintenance and report as if the property is in perfect condition
BAccount for the cost to cure the deferred maintenance in the depreciation analysis or direct comparisons✓ Correct
CReport only the land value
DUse the cost approach exclusively
Explanation
Deferred maintenance must be accounted for in an as-is appraisal — either through curable physical depreciation in the cost approach, or through selection and adjustment of comparable sales in the sales comparison approach.
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