May be either Deferred Maintenance or Functional Obsolescence or both, which can be cured through performing the necessary maintenance and/or remodeling or updating to recapture the depreciation (Capital Value).
Items of physical deterioration or functional obsolescence that are economically feasible to cure. Economic feasibility is indicated if the cost to cure is equal to or less than the anticipated increase in the value of the property.
Depreciation that is economically and physically possible to correct.
Depreciation that can be economically corrected.