A depreciation report is a formal, standardized report created by an engineering firm to evaluate older buildings.
James and Denny discuss the impact that this report has on buyers and the positive and negative experiences they have had with it in the past.
This episode will focus on the importance of properly communicating the depreciation report to your clients, understanding that the engineer creates a conservative report with estimated dates for maintenance, unit entitlement, and the role that the building strata plays in carrying out these upgrades.
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