The age of a building determined by its observed condition rather than its actual chronological age. The effective age can be influenced by depreciation, maintenance and remodeling/additions.

The subjective, estimated age of a property based on its condition, rather than the actual time since it was built. Excessive wear and tear can cause a property's effective age to be greater than its actual age.

An appraiser's estimate of the physical condition of a building. The actual age of a building may be shorter or longer than its effective age.

Definition An appraiser's estimate of the physical condition of a building, in years.

The estimate given by the appraiser on the physical condition of a building. The exisitng age of the building may be shorter of longer than its effective age.  

The subjective, estimated age of a property based on its condition, rather than the actual time since it was built. Excessive wear and tear can cause a property's effective age to be greater than [..]

This measures the wear and tear on your house. Your home’s effective age can be more years or fewer years than the actual age of your home.

An estimate made by an appraiser of what actual age a property's condition would make it similar to. For example, a new property that was damaged and had many broken components might have a large [..]

The typical age of a structure equivalent to the one in question with respect to its utility and condition, as of the appraisal date. Knowing the effective age of an old, rehabilitated structure or a building with substantial deferred maintenance is generally more important in establishing value, than knowing just the chronological age.

Age of an analogue building showing a utility, a state and an equivalent lifespan. The effective age may be longer or shorter than the chronological age depending on the degree of maintenance, of mode [..]

An appraiser's estimate of the physical condition of a building. The actual age of a building may be shorter or longer than its effective age.