Depreciation Reports
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Depreciation reports
A Depreciation Reports (DR) tells a strata corporation what common property and assets it has and what are the projected maintenance, repair and replacement costs over a 30 year time span. Common property is just not buildings. Common property and assets can also include landscaping, roads, recreation amenities and many other items. The depreciation report helps strata lot owners to protect their homes and investments and provides valuable information to prospective purchasers, mortgage and insurance providers.
According to the Strata Property Act (SPA), the qualifications of the inspector can vary from “A person who is a registered professional engineer with the Association of Professional Engineers and Geoscientists of B.C.,” to “Other persons who meet the qualifications and skills required by the Regulations”. We meet the highest standards set out in the SPA to give you the highest quality service.
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Facility condition assessments
A Facility Condition Assessment (FCA) is an analysis of the condition of a facility which typically includes its buildings, site features, and all related components. The assessment allows the facility stakeholders to budget for long term maintenance and renewal goals.
Imperial engineering has the expertise to assess portfolios of facilities ranging from government buildings, senior homes, shopping malls, offices, warehouses, and more.