Property Valuation
Physical deterioration of a West Virginia building can be classified as either:
AFunctional or external
BCurable or incurable✓ Correct
CEconomic or social
DTangible or intangible
Explanation
Physical deterioration is classified as curable (economically feasible to repair, contributing more to value than cost) or incurable (not cost-effective to repair). This distinction affects how depreciation is measured in the cost approach.
Related West Virginia Property Valuation Questions
- A West Virginia appraiser who omits negative information from an appraisal report to achieve a value requested by the lender is engaging in:
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