Jan 07 , 2016

Tampa School of Real Estate

Curable Depreciation

Definition: When the correction of a defect results in as much added value as the cost to correct the defect.

Pronunciation:   \ˈkyu̇r-ə-bəl\ \di-ˌprē-shē-ˈā-shən\

Used in a Sentence:   The repair of the cracked driveway was considered a curable depreciation because the owners were able to recoup the costs by getting a higher price for their house.

C