Effective Age

Effective Age – The age of a structure indicated by its condition and remaining usefulness (as opposed to its actual age).  Good maintenance may increase a building’s effective age, and poor maintenance may decrease it; for example, a 50-year-old home that has been well maintained might have an effective age of 15 years, meaning that its remaining usefulness is equivalent to that of a 15-year-old home.

0

0

Related Articles

Visit Us On TwitterVisit Us On FacebookVisit Us On YoutubeCheck Our Feed