Our depreciation reports are compiled by a diverse team of highly qualified professionals that includes engineering professional, Certified Reserve Planners, Building Technologists, and Financial Planners. By allowing each professional to concentrate in their area of expertise, we are able to produce depreciation reports that exceed all industry standards, are reader friendly, and are very competitively priced.
A properly implemented high quality depreciation report will allow Strata Corporations to maximize their resources, not only by allowing them to accurately plan for future expenses, but also by increasing the value of their property.
A Depreciation Report is a comprehensive outline of expected repairs and improvements of Strata’s common property.
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.
The current legislation in British Columbia broadly defines a “qualified person” 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.
Financial Stability – depreciation reports help strata corporations predict and plan for future expenditures and maintenance.
Prolonged Property Life Expectancy – the depreciation report provides information that allows owners to practice preventative maintenance.
Buying, Selling and Insuring – in many cases, banks and insurance company’s require a depreciation report prior to approving financing or insuring a property.
Informed Owners – accessible information regarding the condition of the property.
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 Building Envelope Consulting, Structural, Mechanical, and Geotechnical Engineering.
To assure the highest quality and accuracy, we go above and beyond the Strata Property Act by having our on-site Depreciation Report inspections performed by engineering professional. Our 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.
We work with Strata Corporations to ensure their budgets are accurately portraying their reality.
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I’m very pleased with Strata Engineering and their work. I find their reports to be very easy to read and understand even for the average strata member.
David is a Senior Project Engineer with over 10 years experience in building envelope science. He has a diverse understanding of building systems in both newer and older buildings, including roofing, glazing, exterior cladding, waterproofing and structures. David provides solutions to tailor the building’s envelope design to meet the client’s energy performance targets and comply with current Step Code requirements. He has acted as the engineer-of-record on many building renewal projects with a demonstrable track record of effective and cost-effective solutions.
Principal, Senior Project Manager
Project Engineer
Adam has diverse experience in construction QA/QC, construction management, and engineering design. He specializes in building envelope assessments and engineering investigations for residential and commercial properties. Through a variety of project engineering roles, Adam provides technical assistance within our Project Management Team and works closely with our Professional Engineers. Adam holds a bachelor’s degree in Civil Engineering from BCIT and is a registered engineer-in-training with EGBC.
Jeff is a civil engineering graduate with extensive experience in high-rise buildings and foundation construction. He is experienced in structural quality control, project management, earth retaining works and steel structure design. Jeff conducts condition assessments for both residential and commercial buildings and produces Depreciation Reports that estimate contingency reserve fund contributions. He is a Chartered Civil Engineer (CEng) and a member of the Institution of Civil Engineers (MICE).
Building Science Technologist
Aqueela is an experienced Civil Engineer specializing in energy modelling and building envelope design. She conducts condition assessments for residential and commercial buildings, performs quantity take-offs, and estimates optimal annual contingency fund contributions using 30-year financial models. Aqueela holds a Master of Engineering degree in Civil Engineering from the University of Ottawa and is a member of Efficiency Canada.
Building Science Technologist
With a master’s degree in Applied Science from BCIT, Anoop has a holistic understanding of construction theories, practices, building codes and standards. He is proficient in several building energy tools with in-depth knowledge of building envelope system design and building energy optimization. In his role of Building Science Technologist, he conducts condition assessments for residential and commercial buildings and produces 15-month and 2-5-10 year Warranty Review reports.
Building Science Technologist
As a Building Science Technologist, Harika specializes in residential and commercial building inspections and performs financial analyses for capital planning using 30-year financial modelling to produce Depreciation Reports. She is a registered Civil engineer-in-training with EGBC and holds a master’s degree in Structural Engineering from UBC, specializing in lateral design of tall residential and commercial buildings.
Project Associate
Steven has a wide range of project experience in the fields of Mechanical Engineering, Manufacturing Engineering, and Control Engineering. He is a registered engineer-in-training with EGBC and a CAPM with PMI. He coordinates a variety of projects and conducts pioneering research for Strata Engineering. Steven holds a degree in Mechanical Engineering (B.A.Sc. with Distinction) from University of Alberta and a Master of Engineering degree in Mechatronics Design from UBC.