Question

Jim inherited a property that has not been maintained in years, the property needs new appliances, a roof, new siding, new electrical and plumbing. The cost of the updating far exceeds the value of homes in the area. The lack of feasibility in doing these repairs is called:

Answer 1

The lack of feasibility in doing repairs on the property inherited by Jim is called: incurable.

Incurable can be defined as any set of defects that is practically impossible for a property owner to fix, repair or cure, especially due to lack of maintenance and finance.

This ultimately implies that, incurable is a term that is associated with depreciation and it arises when the cost of repair of a property is far greater than the financial value of the property.

In conclusion, the lack of feasibility in doing repairs on the property inherited by Jim is called incurable.

Read more on incurable here: https://brainly.com/question/7986346