Property Valuation
Physical depreciation in Vermont real estate refers to:
AA decrease in value from outdated design
BDeterioration of the physical structure from age, use, and the elements✓ Correct
CA loss from external neighborhood factors
DA decline in value due to economic recession
Explanation
Physical depreciation (physical deterioration) is the loss in value due to the wearing out of the physical structure from use, age, deferred maintenance, and exposure to weather — including Vermont's harsh winters.
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