Buying a Strata? Understand the depreciation report estimates!

Posted on January 23, 2023 by Janine Mazzalupi, REALTOR®

Posted in buyers, condo buyers, depreciation report, home buyers, strata

Buying a Strata? Understand the depreciation report estimates!

Depreciation Reports or Reserve Fund Studies are a useful tool that enable strata corporations to better plan for future repair and/or replacement, and maintenance of common property and common assets over the life of the assets.

Special levies are a fact of life when buying into a strata, you will never completely avoid it. As an owner you should view these as an investment in the maintenance and of your home. However no one wants to purchase a home and immediately be saddled with...

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About Janine

A licensed realtor with Reimers Group, specializing in residential real estate; houses, townhouses, condos and apartments in the Fraser Valley. Whether you are a first time home buyer, an investor, moving up or downsizing she enjoys helping all her clients make informed real estate decisions.

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