Which aspect does not typically impact a property's effective age?

The effective age of a property refers to the age that reflects its condition and utility, rather than just the actual chronological age. This concept incorporates various elements of the property's current state and how it has been maintained or improved over time.

The reputation of the surrounding neighborhood is primarily a factor related to marketability and desirability rather than the physical condition or maintenance of the property itself. While a neighborhood's reputation can influence the overall perception of a property and potentially its market value, it does not directly affect the effective age, which is determined by the property's physical characteristics, condition, improving factors, and how well it has been preserved or upgraded.

In contrast, the exterior condition, chronological age, and improvements made to the property all play direct roles in establishing the effective age. The exterior condition reflects how well the property has been maintained, the chronological age gives a baseline for how long the property has existed, and improvements indicate enhancements that may have upgraded the property's usability and appeal, affecting its perceived age.