A crack in the foundation wall causing water seepage is an example of what kind of deterioration?

A crack in the foundation wall causing water seepage is an example of physical deterioration because it refers to the tangible, observable decay or damage to a structural component of a property. Physical deterioration is characterized by physical changes that affect the utility, appearance, or the integrity of the property.

Such issues, like cracks or water seepage, can be directly attributed to wear and tear, aging, weathering, or lack of maintenance, and they compromise the functionality and safety of the structure. Identifying these signs of physical deterioration is crucial for appraisers and assessors as they can significantly impact the value and livability of a property. Addressing physical deterioration often involves repair or replacement of the affected components to restore the property’s integrity and value.