cost to cure

Dictionary of Real Estate Terms for: cost to cure
cost to cure

the amount of money it will take to remedy a cause of depreciation. A curable defect is one for which the cost to cure is less than the value added by correction.

Example: The cost to cure an aging, leaking roof is $8,000. It is considered curable because the house will be worth $10,000 more after the replacement than it is worth now.

Copyright (c) by Barron's Educational Series. Reprinted by arrangement with the publisher of this site.