Dwellings with this quality rating feature economy of construction and basic functionality as main considerations.
Such dwellings feature a plain design using readily available or basic floor plans featuring minimal fenestration and
basic finishes with minimal exterior ornamentation and limited interior detail. These dwellings meet minimum
building codes and are constructed with inexpensive, stock materials with limited refinements and upgrades.
Dwellings with this quality rating are of basic quality and lower cost; some may not be suitable for year-round
occupancy. Such dwellings are often built with simple plans or without plans, often utilizing the lowest quality
building materials. Such dwellings are often built or expanded by persons who are professionally unskilled or
possess only minimal construction skills. Electrical, plumbing, and other mechanical systems and equipment may
be minimal or non-existent. Older dwellings may feature one or more substandard or non-conforming additions to
the original structure.
The improvements have been very recently constructed and have not previously been occupied. The entire
structure and all components are new and the dwelling features no physical depreciation.*
*Note: Newly constructed improvements that feature recycled materials and/or components can be considered
new dwellings provided that the dwelling is placed on a 100% new foundation and the recycled materials and the
recycled components have been rehabilitated/re-manufactured into like-new condition. Recently constructed
improvements that have not been previously occupied are not considered "new" if they have any significant physical
depreciation (i.e., newly constructed dwellings that have been vacant for an extended period of time without
adequate maintenance or upkeep).
The improvements feature no deferred maintenance, little or no physical depreciation, and require no repairs.
Virtually all building components are new or have been recently repaired, refinished, or rehabilitated. All outdated
components and finishes have been updated and/or replaced with components that meet current standards.
Dwellings in this category either are almost new or have been recently completely renovated and are similar in
condition to new construction.
The improvements are well maintained and feature limited physical depreciation due to normal wear and tear.
Some components, but not every major building component, may be updated or recently rehabilitated. The
structure has been well maintained.
The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and
tear. The dwelling has been adequately maintained and requires only minimal repairs to building components/
mechanical systems and cosmetic repairs. All major building components have been adequately maintained and are functionally adequate.
The improvements feature obvious deferred maintenance and are in need of some significant repairs. Some building components need repairs, rehabilitation, or updating. The functional utility and overall livability is somewhat diminished due to condition, but the dwelling remains useable and functional as a residence.
The improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe
enough to affect the safety, soundness, or structural integrity of the improvements. The improvements are in need of substantial repairs and rehabilitation, including many or most major components. Note: It may be a good idea to practice assigning rankings to your current appraisals to familiarize yourself with these choices.