A defect that either cannot be cured or is not financially practical to cure. If curing a structural problem will cost more than the property is worth, the problem is considered an incurable obsolescence.
Related information about incurable obsolescence:
- incurable obsolescence - Financial Dictionary - The Free Dictionary
The property must suffer from physical incurable obsolescence, but is not required to suffer from another form of depreciation. Change in General Demo Report ...
- What is incurable obsolescence? definition and meaning
Definition of incurable obsolescence: A defect that either cannot be cured or is not financially practical to cure. If curing a structural problem will cost more than ...
- incurable obsolescence | Real Estate Definition | HomeSurfer.com
Real Estate Definition: incurable obsolescence - (also called incurable depreciation and economic obsolescence) an appraisal term meaning that the .. more ...
- Functional and Economic Obsolescence | The Truth About Realty.com
If it's possible to tear out a wall or add a room, assuming cost is less than the value benefit, it's considered curable. Incurable obsolescence is typically defined as ...
- AccuVal | Insights | Ask an Appraiser | What is functional and ...
Functional obsolescence can be further broken down into curable and incurable obsolescence. Curable obsolescence is a deficiency of an asset that can be ...
- Useful Limitations: Quantifying Functional Obsolescence
the value added by the cure exceeds the cost of the cure. • Incurable obsolescence - not economically feasible to cure; the value added by the cure does not ...
- A STUDY OF BUILDING OBSOLESCENCE
Incurable obsolescence being the results of inappropriate changes is less easily controlled by the building owner. The most that can be done is to incorporate ...
- Functional Obsolescence and Economic Obsolescence ...
With regard to incurable obsolescence, the cost to cure the cause of the subject obsolescence is greater than the decrease in property value resulting from ...