Condition

• 1 Worn Out: Repair and overhaul needed on painted surfaces, roofing, plumbing, heating, numerous functional inadequacies, substandard utilities, etc. This condition is found only in extraordinary circumstances. Excessive deferred maintenance and abuse, limited value-in-use, approaching abandonment or major reconstruction, reuse or change in occupancy is imminent. Effective age of the residence is near the end of the scale regardless of the actual chronological age.

• 2 Badly Worn: Many repairs needed, with many items needing refinishing or overhauling, deferred maintenance obvious, inadequate building utility and services all shortening the life expectancy and increasing the effective age.

• 3 Average: Some evidence of deferred maintenance and normal obsolescence with age in that a few minor repairs and refinishing are needed, along with some refinishing. But with all major components are still functional and contributing toward an extended life expectancy, the effective age and utility is standard for like properties of its class and usage.

• 4 Good: No obvious maintenance is required but neither is everything new. Appearance and utility are above the standard, and the overall effective age will be lower than the typical property.

• 5 Very Good: All items are well maintained, many having been overhauled and repaired as soon as they showed signs of wear, increasing the life expectancy and lowering the effective age with little deterioration or obsolescence evident with a high degree of utility.

• 6 Excellent: All items that can normally be repaired or refinished have recently been corrected, such as new roofing, paint, furnace overhaul, state-of-the-art components, etc. With no functional inadequacies of any consequence and all major short-lived components in like-new condition, the overall effective age has been substantially reduced upon complete revitalization of the structure regardless of the actual chronological age.