{"id":1799,"date":"2025-07-22T22:55:19","date_gmt":"2025-07-22T22:55:19","guid":{"rendered":"https:\/\/strataengineering.com\/?page_id=1799"},"modified":"2025-08-28T05:36:25","modified_gmt":"2025-08-28T05:36:25","slug":"depreciation-reports","status":"publish","type":"page","link":"https:\/\/strataengineering.com\/depreciation-reports\/","title":{"rendered":"Depreciation Reports"},"content":{"rendered":"\t\t
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Depreciation Reports<\/h1>\t\t\t\t<\/div>\n\t\t\t\t
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Our depreciation reports are\u00a0compiled by a diverse\u00a0team<\/a>\u00a0of highly qualified professionals that includes engineering professional, Certified Reserve Planners, Building Technologists, and Financial Planners. By allowing each professional\u00a0to concentrate\u00a0in\u00a0their area of expertise, we are able to\u00a0produce depreciation reports that exceed all industry standards, are\u00a0reader friendly, and are very competitively priced.<\/p>

A properly implemented\u00a0high quality depreciation report will allow\u00a0Strata Corporations to maximize their resources, not only by allowing them to\u00a0accurately plan for\u00a0future expenses, but also by increasing the value of their property.<\/p>

What is a Depreciation Report?<\/strong><\/h3>

A Depreciation Report is a comprehensive outline of expected repairs and improvements of Strata\u2019s common property.<\/p>

Depreciation reports are meant to help Strata Corporations budget for future expenditures, as well as to keep strata owners and potential buyers informed of the condition of the property.<\/p>

Who Is Qualified to Complete a Depreciation Report?<\/strong><\/h3>

The current legislation in British Columbia broadly defines a \u201cqualified person\u201d and may include Engineers, Architects, Reserve Planners, and Real Estate Appraisers. It is difficult to imagine one individual with all the expertise required to prepare a Depreciation Report. It may also be risky, given the role of a Depreciation Report, to place the full burden on one individual.<\/p>

What Are the Benefits of having a Depreciation Report?<\/strong><\/h3>

Financial Stability<\/strong>\u00a0\u2013 depreciation reports help strata corporations predict and plan for future expenditures and maintenance.<\/p>

Prolonged Property Life Expectancy<\/strong>\u00a0\u2013 the depreciation report provides information that allows owners to practice preventative maintenance.<\/p>

Buying, Selling and Insuring<\/strong>\u00a0\u2013 in many cases, banks and insurance company\u2019s require a depreciation report prior to approving financing or insuring a property.<\/p>

Informed Owners<\/strong>\u00a0\u2013 accessible information regarding the condition of the property.<\/p>

A Depreciation Report is Only as Good as the On-Site Inspection<\/strong><\/p>

Depreciation Reports are compiled using information extracted from documentation, such as financial statements, Strata Council and AGM minutes, and building plans; however, they are mostly built from findings obtained during the on-site inspection. All of our Depreciation Report inspections are performed by engineering professional specializing in building science, including\u00a0Building Envelope Consulting<\/a>,\u00a0Structural<\/a>, Mechanical, and Geotechnical Engineering.<\/p>

To assure the highest quality and accuracy, we go above and beyond the\u00a0Strata Property Act<\/a><\/em>\u00a0by having our on-site Depreciation Report inspections performed by engineering professional.\u00a0Our depreciation Reports contain detailed funding strategies, cost estimates, maintenance schedules, and five funding models that are optimized for financial return to help develop a practical financial plan to meet future funding needs.<\/p>

We work with Strata Corporations to ensure their budgets are accurately portraying their reality.<\/p>

A warranty review performed prior\u00a0the\u00a0expiration of the warranty coverage, can\u00a0significantly reduce\u00a0future maintenance, repair and replacement costs.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Click here for a FREE Consultation or Quote\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Depreciation Reports Our depreciation reports are\u00a0compiled by a diverse\u00a0team\u00a0of highly qualified professionals that includes engineering professional, Certified Reserve Planners, Building Technologists, and Financial Planners. By allowing each professional\u00a0to concentrate\u00a0in\u00a0their area of expertise, we are able to\u00a0produce depreciation reports that exceed all industry standards, are\u00a0reader friendly, and are very competitively priced. A properly implemented\u00a0high quality depreciation […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1799","page","type-page","status-publish","hentry"],"blocksy_meta":{"has_hero_section":"enabled","hero_elements":[{"id":"custom_title","enabled":false,"heading_tag":"h1","title":"Home","__id":"LSSiwK4gmw7K1DBbSxDHT"},{"id":"custom_description","enabled":true,"description_visibility":{"desktop":true,"tablet":true,"mobile":false},"__id":"uHRgx_bdSx9_YRJFrRIBs"},{"id":"custom_meta","enabled":false,"meta_elements":[{"id":"author","enabled":true,"label":"By","has_author_avatar":"yes","avatar_size":25},{"id":"post_date","enabled":true,"label":"On","date_format_source":"default","date_format":"M j, Y"},{"id":"updated_date","enabled":false,"label":"On","date_format_source":"default","date_format":"M j, Y"},{"id":"categories","enabled":false,"label":"In","style":"simple"},{"id":"comments","enabled":true}],"page_meta_elements":{"joined":true,"articles_count":true,"comments":true},"__id":"RHZ2a3lz0Nl_eM0-LATiO"},{"id":"breadcrumbs","enabled":false,"__id":"3JdqR6Mw-VgL6Pg67inPk"}],"styles_descriptor":{"styles":{"desktop":"[data-prefix=\"single_page\"] .entry-header .page-title {--theme-font-size:30px;} [data-prefix=\"single_page\"] .entry-header .entry-meta {--theme-font-weight:600;--theme-text-transform:uppercase;--theme-font-size:12px;--theme-line-height:1.3;}","tablet":"","mobile":""},"google_fonts":{"Mulish":["n4","n6"]},"version":6}},"acf":[],"_links":{"self":[{"href":"https:\/\/strataengineering.com\/wp-json\/wp\/v2\/pages\/1799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/strataengineering.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/strataengineering.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/strataengineering.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/strataengineering.com\/wp-json\/wp\/v2\/comments?post=1799"}],"version-history":[{"count":31,"href":"https:\/\/strataengineering.com\/wp-json\/wp\/v2\/pages\/1799\/revisions"}],"predecessor-version":[{"id":2992,"href":"https:\/\/strataengineering.com\/wp-json\/wp\/v2\/pages\/1799\/revisions\/2992"}],"wp:attachment":[{"href":"https:\/\/strataengineering.com\/wp-json\/wp\/v2\/media?parent=1799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}