Curable physical deterioration example

A home that is in need of painting can be said to be suffering from:

  1.  a high capitalization rate
  2.  curable physical deterioration
  3.  incurable functional obsolescence
  4.  external obsolescence.

The answer is B.  Because this is a problem that can be fixed it is “curable”.  This is not functional obsolescence since that is a problem due more to faulty design or poor structural style.