RSK Strata Advisors’ depreciation reports are conflict free and based on the most current construction cost data available for British Columbia. The report we provide will help your strata counsel to prioritize and plan your capital expenditures based on the best available data. Once you plan your capital expenditures, you can get lower costs by undergoing a bid process. Being able to anticipate upgrades lowers your operating costs because you are not paying unnecessary premiums to address emergency failures.
For example, knowing the roof of your building needs to be replaced in 3-5 years will allow you to build up your capital reserve and obtain the best price for the work. The opposite situation might be that your strata is unaware of the condition of the roof and its remaining life which could result in you paying high premiums on labour and materials to address unplanned or emergency remediation. At RSK Strata Advisors, we say people don’t plan to fail they fail to plan.
An accurate depreciation report will help you minimize the operating cost of your strata.
