When you’re out looking at properties, be on the lookout for curable versus incurable characteristics. What are these?
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Both refer to types of depreciation homes can go through. However, there is a big difference. Curable refers to conditions that are financially feasible to fix. This means that if you were to spend $1 on curing this type of depreciation, you would get back $1 or more of your investment. Some examples include repainting, putting in a new kitchen, or updating an old bathroom.
By contrast, incurable depreciation is where one would invest that same $1 and get back less than the full $1 in return. Examples range from Read the rest of this entry ?
