Strata depreciation reports
A depreciation report projects what a strata will need to spend on its building over the next 30 years, and what owners should be contributing now. Here is what the fees and building ages actually look like across Radium Hot Springs strata homes on the market.
Typical monthly fee
$499
Strata homes sampled
84
33%
Enter the home address you'd like appraised.
Your address helps identify recent sales and market activity nearby. The valuation is prepared personally, not by an algorithm.
Typical monthly fee
$499
Most fees fall between
$130 and $1,300
Fee per square foot
$0.33
Typical year built
2006
Across 84 strata homes listed in Radium Hot Springs, the typical monthly fee is $499, with most falling between $130 and $1,300.
The typical listed strata here was built in 2006, roughly 20 years ago. Roofs, boilers and common-area systems commonly come due in this window.
Shared amenities carry the heaviest reserve-fund line items. The most common among listings here: whirlpool.
Roofs and boilers commonly come due around 25 years, building envelopes around 30. A building's age is the strongest clue to what its next report will focus on.
Source: BCRES MLS via Bridge Interactive, from strata homes currently listed in Radium Hot Springsthat publish a monthly fee. Figures describe listed stock, not any individual strata corporation. Whether a specific strata requires a depreciation report, and by when, is set by the Strata Property Act and its regulations: confirm with your strata corporation or a qualified professional. Nothing here is legal advice.