A depreciation report is a legislated planning requirement for strata corporations in British Columbia. Depreciation reports are used to establish long term planning for common property and common assets.
What makes a MHI Depreciation Report different? MHI reports contain a comprehensive tactical maintenance plan with a goal to extend the service life of all building components with excellent maintenance practices.
Age, exposure & inadequate maintenance all contribute to the deterioration of building components. A Munro Home Inspections Depreciation Report is a unique tool to assist in the repair, maintenance and renewal of common property, limited common property and commons assets over a 30 years period for Strata Corporations and Bare-land Strata Corporations.
A Munro Home Inspections Depreciation Report will contain: A physical inventory of the common property and assets with photos; a tactical maintenance plan, repair lists and replacement costs for common expenses projected over 30 years, and; a financial forecasting section with at least three cash flow funding models.