How does physical deterioration affect a property?

Physical deterioration affects a property by worsening its physical condition. This deterioration can manifest in various forms, such as structural damage, wear and tear, or disrepair of features like roofing, plumbing, and electrical systems. As these elements degrade over time, the overall quality and safety of the property diminish. This decline in condition may lead to reduced marketability and can impact the property’s valuation negatively. In essence, physical deterioration directly correlates with the increasing severity of the property's condition, making it crucial for property owners and real estate professionals to address maintenance issues promptly to maintain value and marketability.