The Truth About Depreciation Reports: Are Stratas Ready for Big Repairs?
Description
Depreciation reports are one of the most important — and misunderstood — tools in strata real estate. These reports reveal the true condition of a building, outline upcoming repair costs, and can significantly influence a property's value and long-term investment potential.
James and Denny break down how depreciation reports influence strata health, budgeting, and property values, helping buyers and owners understand the real story behind the numbers.
This episode will focus on depreciation reports and why they're required in B.C., how often depreciation reports should be updated, the connection between depreciation reports and strata fees or special levies, common red flags to look for in aging buildings and a call back to episode 40 on depreciation reports.
Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel
Email us at garbuttdumaspodcast@gmail.com
James Garbutt
james@gdrealestate.ca
Instagram: /jamesgarbutt
Facebook: /jamesgarbutt
Denny Dumas
denny@gdrealestate.ca
Instagram: /denny.dumas
Facebook: /denny.dumas.5
Garbutt + Dumas Real Estate
Instagram: /gdrealestateteam
Facebook: /gdrealestateteam
Website: garbuttdumas.ca
United States
