Preventative maintenance is important if you are to prevent potential damage. Lack of a proper building maintenance regime will lead to increasingly expensive repairs in the future. For condominiums, the introduction of the Depreciation Report, as mandated by the Strata Property Act, makes the scheduling of required projects simple and easy.

 

There are several areas that a strata needs to maintain. Although mechanical repairs and interior common space renovations require space in any budget, exterior repairs are the most important. Planned expenses are better than emergency repairs and special assesments. And, if ignored, exterior maintenance issues have the potential to cost a small fortune. Here is a brief list of some common maintenance issues: