source:
  type: guide
  id: va-m26-7-ch11-t08
  authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 8 — Remaining
    Economic Life
  description: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 8 — Remaining
    Economic Life.
  coverage_tier: operative
obligations:
- id: va-m26-7-ch11-t08-full
  canonical_id: va-m26-7-ch11-t08-full
  section: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 8 — Remaining
    Economic Life
  type: do
  tags:
  - regulator-direct
  - va
  - va-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 8 — Remaining
      Economic Life
    source_class: va-handbook
    source_url: https://www.benefits.va.gov/warms/pam26_7.asp
    snapshot_id: faa7d8c84a0580f3
    fetched_at: '2026-05-23T01:53:53Z'
    content_hash: sha256:960cb068c0b142cd1bb4a0e38f29c6c5b725d24095781b92c663a83e9fd36263
    paragraph_quote: '8. Remaining Economic Life Change Date February 22, 2019 • This
      Chapter has been revised in its entirety. a. Factors in Estimating Remaining
      Economic Life Remaining economic life is the estimated period of time until
      the improvements are expected to no longer serve their intended purpose as a
      home. In estimating the remaining economic life, the appraiser must consider:
      • the relationship between the property and the economic stability of the block,
      neighborhood, and community, • comparisons with homes in the same or similar
      areas, • the need for a home of the particular type being appraised, • the architectural
      design, style and functional utility of the property, • the condition and durability
      of the property, • maintenance levels of other properties in the area, and •
      in areas where municipalities have established code enforcement areas, their
      expected results in improving the neighborhood for residential use. b. Comment
      if Under 30 Years The appraiser must estimate the remaining economic life as
      a single number and include specific comments if the estimated remaining economic
      life is less than 30 years. c. Reporting The estimated remaining economic life
      must be provided in the cost approach section of the appraisal report. For condominium
      units, the estimated remaining economic life must be provided in the “Reconciliation”
      section of the appraisal report. VA Pamphlet 26-7, Revised Chapter 11: Appraisal
      Report 11-13'
  judgment: false
