In the context of appraisals, what does 'Curable Physical Postponed' refer to?

'Curable Physical Postponed' refers to cost-effective repairs that were not completed at the time of the appraisal but could be undertaken in the future. This concept recognizes that certain physical issues affecting a property's condition can be corrected at a reasonable cost, and if these repairs are postponed, the property might experience a depreciation in value.

This situation typically arises when the necessary work is deemed feasible and justifiable financially, meaning it can restore or improve the property’s value once completed. It emphasizes the importance of timing in addressing physical deficiencies, as delaying repairs can exacerbate conditions and further diminish value.

The other answers revolve around different aspects of property value and appraisal but do not accurately capture the essence of 'Curable Physical Postponed.' The notion of potential future enhancements, temporary depreciation reversal, or immediate repairs being ignored does not align with the definition of postponed repairs that can be effectively addressed later.