Condition-Based Categories:

Excellent/Very Good:

Homes with minimal signs of wear and tear, possibly new or recently renovated, requiring no major repairs.

Good

Homes generally well-maintained, possibly in their first cycle of replacing short-lived components.

Fair

Homes that may be habitable but require significant repairs or upgrades.

Poor/Very Poor/Dilapidated

Homes with significant structural issues or deferred maintenance, potentially unsafe or unsanitary.

• C1 (New Construction): No signs of wear and tear, new or nearly new with no prior occupancy.
• C2 (No Deferred Maintenance): Minimal physical depreciation, requiring no repairs.
• C3 (Limited Deferred Maintenance): Generally well-maintained, first cycle of replacing short-lived components.
• C4 (Minor Deferred Maintenance): Adequately maintained.
• C5 (Significant Deferred Maintenance): Not adequately maintained but functional, no major safety concerns.
• C6 (Severe Deferred Maintenance): Poorly maintained.