What does physical deterioration become when the cost to cure is not economically justified?

When physical deterioration is identified in a property, it refers to the wear and tear that occurs over time due to aging or inadequate maintenance. However, when the cost to remedy or cure this deterioration is not economically justified, it is classified as incurable. This means that the expense required to restore the property to an adequate condition surpasses the increase in value that would result from the restoration.

Furthermore, the concept of incurable deterioration indicates that even if such repairs could hypothetically be completed, doing so would not yield a return on investment sufficient to warrant the expenditure. This situation typically arises when the cost is too high relative to the property's market value or when the issue affects the property's functionality without significantly harming its value.

In contrast, curable deterioration would imply that repairs and improvements are financially viable and beneficial in restoring the property's value. Remediable might suggest repairs could be made, but it does not accurately capture the concept of economic justification. Depreciable generally refers to the diminishing value of an asset over time due to various factors, not specifically tied to the economic justification of repairs. Thus, the classification of physical deterioration becomes incurable when remediation costs exceed economic rationale.