Reserve Fund Studies

We are qualified and experienced in preparing reserve fund studies and periodic updates for all types of condo projects including mixed and phased developments, as mandated by Alberta’s Condominium Property Act.

A reserve fund study or depreciation report is a long-range financial plan for condo corporations. A reserve fund study looks at common property and includes a physical inventory, condition assessment and replacement costs of things like the roof, exterior walls, landscaping and pavement.

Reserve fund studies or depreciation reports:

  • Are required by law every five years
  • Identify projected costs to repair or replace building components
  • Assess whether there are adequate funds to handle these repairs
  • Include a financial plan to cover repair expenses
  • Help predict and protect a property’s value

In layman’s terms, a reserve fund study is a report that helps condo corporations understand what they own, how much money they have, when renovations or replacements will be needed, future costs, and how to pay for renovations, replacements or improvements when they are due.

The health of a reserve fund directly affects a condo corporation’s purchasing decisions, in part because reserve fund studies help predict, and by extension protect, a property’s value.

HEAD OFFICE
#203, 225 Carleton Drive
St. Albert, AB T8N 4J9
780.458.3814

EDMONTON
Operating as Jackson Appraisals
Suite 2020, Tower 1 Scotia Place
10060 Jasper Avenue
Edmonton, AB T5J 3R8
780.486.5158

CALGARY
Suite #555, 1201 5th Street SW
Calgary, AB T2R 0Y6
403.351.1535

CAMROSE
Operating as Altario Appraisals
4909 48 Street
Camrose, AB T4V 1L7
780.672.1028