Property Valuation
Which type of depreciation is generally considered curable in a South Dakota appraisal?
AExternal obsolescence
BIncurable physical deterioration
CDeferred maintenance (curable physical deterioration)✓ Correct
DFunctional obsolescence from poor floor plan design
Explanation
Deferred maintenance (curable physical deterioration) can be economically corrected by the owner. Repairs like replacing a worn roof or repainting cost less than the value they add, making them 'curable.'
Related South Dakota Property Valuation Questions
- In South Dakota, which factor does NOT affect a property's market value?
- The 'principle of substitution' in real estate valuation means:
- In South Dakota, 'market value' is best defined as:
- In South Dakota, which principle holds that the value of a property depends partly on the expected future income it will produce?
- A 'drive-by' appraisal of a South Dakota property is technically known as a:
- In the sales comparison approach to value, an appraiser makes adjustments to comparable sales for differences between the comparable and the subject property. If a comparable sale has a feature the subject property lacks, the appraiser should:
- A South Dakota appraiser makes a negative adjustment to a comparable sale when the comparable:
- The cost approach to value is most useful for appraising:
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →