These are features that need attention right away because of their poor condition. Usually, they're related to health and safety concerns, structural issues, or mechanical failures.
These features should receive attention soon because they're close to causing an issue that could affect your health and safety.
These are items that, although in potentially poor condition, do not present any potential harm to you or the building. Still, they're worth fixing because it could be affecting the value of the home or your level of comfort.