Depreciation Reports are complex documents based on a detailed understanding of the various facets of building construction and condition analysis so we can provide reliable financial projections.
Our teams' experience in construction and financial studies enables us to provide our clients with Depreciation Reports that reflect a realistic analysis of the physical state of the building and common assets, resulting in supportable financial recommendations and solutions.
We do this by first providing Accurate Inspections.
After 13 years of Depreciation Reports, Strata Reserve Planning has created an efficient system to identify Strata Corporation's common assets, gather all the required information, and then implement an information-based plan for replacement or renewal.
This is based on a team with over 50 years of experience in the development industry, strata council experience, and financial industries.
Then, we create a set of Realistic Funding plans.
Our recommended finding scenario is a realistic, manageable, and common-sense funding plan for repairing and replacing components, with input from the Strata Council.
The BC legislation includes a provision for 3 scenarios, so we include the internationally accepted Fully Funded methodology so Owners who do not follow our recommended plan can measure the financial health of their Strata Corporation under their plan.
Our system includes both a Site Inspection and a free Draft Meeting with the Council to ensure the final report reflects the actual state of the development and the Strata's needs.
This creates an understandable Depreciation Report that supports the Owner's Market Value by making the Reserve Adequacy (the international measurement of a Strata Corporations financial health) similar to comparable properties.
Planning for Repairs and Replacement takes more than a desire – it takes preparation, a plan, and the use of an experienced team. You can be assured that your Depreciation Report will be based on an accurate inspection, leading to realistic financial goals for ongoing repair, replacement, or modernization. Call one of our offices today.
