New BC Strata regulations require that depreciation reports be done every five years. (Click here for our summary of the new regulations.) Unfortunately, many depreciation reports are simply a statement of the condition of the building assets of a strata. They don’t help much with a strata council facing difficult choices, or wanting to create a long term financial plan.
Our Depreciation Reports are prepared in cooperation with Allester Engineering who provide the required professional sign off in compliance with BC Strata regulations. Click here to read more about Allester Engineering. This is why with decades of experience in this field we have gone beyond depreciation reports to offer predictive analysis, a suite of tools that help council members identify the best priorities for limited resources and time. Councils can explore financial scenarios to test the outcomes of potential decisions.
We have decades of experience in the repairs and preventative maintenance of buildings, in warranty inspections, and we use of infrared technology to help us notice and identify issues that need to be highlighted in a Depreciation Report. Click here to hear our founder, David Koop, explain how Depreciation Reports came as a natural extension of the services we offered before Depreciation Reports became mandated by the Province.
