Curable physical deterioration refers to what type of issues?

Curable physical deterioration specifically pertains to issues within a property that can be repaired or updated to restore its value or functionality. This type of deterioration typically includes minor issues such as peeling paint, broken windows, or worn-out roofing that can be corrected at a reasonable cost. Addressing these issues can enhance the property's appeal and utility, potentially increasing its market value.

This concept is key in property valuation and appraisals, as it helps assessors determine the impact of physical condition on property value. The focus on the financial feasibility of repairs plays a crucial role in distinguishing curable physical deterioration from other types of deterioration or issues.