Definition: Curable depreciation is a loss in value that can be corrected economically: the expected value gained is at least as great as the cost of the correction.
Example
A $2,000 repair removes a defect that reduces market value by $3,000.
Keep the distinction clear
Curable is an economic judgment, not merely a statement that a contractor can physically perform the work.
Related terms
Incurable Depreciation · Depreciation · Cost
Keep studying
Comparable Sales: Adjustments and Weighted Values
References: California DRE: appraisal and valuation concepts
Pronunciation (US): KYUR-uh-buhl dih-pree-shee-AY-shuhn (capitals show stress)
Pronunciation reference: Merriam-Webster
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