Physical Depreciation

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Definitions
Deferred Maintenance
Deferred Maintenance Appraisal Physical Depreciation Property Upkeep Real Estate Maintenance
Deferred maintenance in appraisal refers to the postponement of important repairs or upkeep measures which results in physical depreciation. Common examples include broken window glass, missing roof shingles, peeling paint, and broken gutters.
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Definitions
Physical Depreciation or Physical Deterioration
Physical Depreciation Physical Deterioration Loss of Value Real Estate Breakage Deferred Maintenance Useful Life Depreciation Expense
Physical depreciation or deterioration refers to the loss of value from all causes of age and action of the elements. It encompasses breakage, deferred maintenance, effects of aging on construction materials, and normal wear and tear.
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