Reserve Fund Study & Condo Depreciation Report: Your Property’s Long-Term Plan

When managing a condominium, strata, or any shared property, financial planning for future repairs is critical. A Reserve Fund Study—also known as a Condo Depreciation Report—is the professional roadmap that ensures your property stays well-maintained, financially secure, and compliant with local regulations.

At KR Engineering INC., we deliver accurate, actionable reserve fund studies that combine engineering precision with financial foresight, helping you avoid costly surprises.

What Is a Reserve Fund Study?

A reserve fund study is a long-term financial and physical assessment of your property’s major common elements—such as roofs, windows, elevators, and parking areas. It forecasts when these components will require repair or replacement and calculates the annual amount that should be set aside to cover these costs.

Our studies typically span 25–30 years, providing boards and owners with a clear picture of future obligations.

Why Your Property Needs One

Without a proper reserve fund study, repairs often become reactive, leading to higher costs, rushed decisions, and potential safety issues. A well-prepared study provides:

Financial Stability – Prevents unexpected special assessments.
Property Value Protection – Maintains market appeal through timely upkeep.
Regulatory Compliance – Meets provincial and municipal requirements.
Informed Decision-Making – Offers data-backed guidance for long-term planning.

Our Reserve Fund Study Process

At KR Engineering INC., we follow a proven process:

Initial Consultation – Understand your property’s needs and concerns.
Physical Inspection – Our engineers assess each central system’s condition.
Cost Forecasting – We use real market data for accurate replacement costs.
Funding Plan – A tailored contribution schedule to maintain healthy reserves.
Clear Reporting – Easy-to-read charts, timelines, and recommendations.

Condo Depreciation Report Compliance

In many jurisdictions, a condo depreciation report is mandatory every three to five years. Even when not required, updating regularly is best practice to reflect changes in construction costs, wear rates, and unexpected repairs.

KR Engineering, Inc. ensures that your report meets all local legal requirements while providing practical insights to protect your investment.

Why Choose KR Engineering INC.?

Engineering Expertise – Decades of experience in building system evaluations.
Tailored Solutions – No one-size-fits-all templates—your report fits your property.
Clear Communication – We explain findings in plain language for boards and owners.
Post-Report Support – We remain available for follow-up questions.

Plan, Protect Value

A reserve fund study or condo depreciation report is not just a document—it’s a financial shield for your property. By preparing today, you avoid funding shortfalls tomorrow and keep your community thriving.

Contact KR Engineering INC. today to schedule your reserve fund study and take the first step toward a secure financial future for your property.