Deterioration

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January 1, 1 5 min read Definitions

Physical Depreciation Deterioration Real Estate Valuation Maintenance Wear and Tear Age of Property

Physical depreciation or deterioration refers to the loss of value in real estate due to the wear and tear of structures over time. This can be caused by a variety of factors including breakage, deferred maintenance, the effects of aging materials, and normal wear and tear.

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