How to determine if a property is A,B or C class

[Mark Neiger]

How do you determine if a building is a certain class? Is it purely subjective or are there some kind of guidelines?

[Chirag Parikh]

It's a long thread so I'm pasting the most important component here:

"There are no strict definitions of these terms. They're just rough grade people use to give an idea of what a property is like.

A: Newly built properties in the nicest areas.

B: Slightly older property, but still nice. Might be not quite as nice of an area.

C: Older properties. Likely really could use some work. Not the best areas. For investors, these are really the bread and butter for rentals.

D: Run down properties in bad areas.

The area and the property can be described separately. Its possible to have a run down property in a great area. Harder to have a great property in a bad area, though."

Credit to @jon holdman (He's a bigger pockets moderator so this definition is probably pretty solid)