Recent Discussions​

Many Depreciation Reports are obsolete immediately.

Richard Shatto April 2013

 

Inspection-Deficient Depreciation Reports:  Many depreciation reports are in the process of being completed. Unfortunately, many condo-owners are still going to be vulnerable to nasty high cost repairs. That's because many depreciation report producers are not recommending that the strata do an actual building inspection to complete the reports. Engineers and appraisers are instead doing a superficial, and inadequate, walk-around-the-property and then merely reporting on what they can see from afar. To compensate, they "look-up" generic data from national building statistics databases which make average "assumptions" about buildings. These are then added to the reports and serve to merely "ball-park" the condition of your building.



Future Problems: Unfortunately, those specific building issues that could have been found in an inspection, eventually come home to roost and can cost unsuspecting owners a lot of money.

Point Nexus does full inspections and we also do an inspection as an add-on to existing depreciation reports. A comprehensive building inspection will cost a little more, but they could save tens or even hundreds of thousands of dollars in the future. We believe it's worth it and what the depreciation reports were intended to do.



Point Nexus provides a unique combination specialized disciplines with professional partners to first inspect your building and then produce high quality, readable reports. You can have confidence because we are:

Experienced Professionals: Providing management for building inspections and assessments using professional vendors such as engineers, real estate appraisers, mechanical technicians and quantity surveyors, each professionally certified for quality work. 



Construction Experts: Providing construction, remodeling and remediation services for commercial and residential strata buildings. Our staff also provides high level committee leadership for business and political associations related to the Building, Planning, Development and Remediation.


Professional Writers: We have years of strategic business management experience authoring professional project reports, strategic plans, presentations and proposals.


A Team Approach: We assemble a team of in-house and external professionals including: structural engineering firms, a quantity surveyor (for the number crunching), a team of technical service firms for the variety of building systems. We are also able to partner with a Canadian Acceptance firm to help finance strata owners.



If you would like to reduce your risk, control your future expenses and have that important piece of mind, contact us to arrange a no-obligation discussion.

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