Brookstone Inspection completed this commercial property inspection for a dental clinic for this prospective buyer.

When a condominium corporation in Alberta faces a major capital expense—like a roof replacement, parkade membrane repair, or building envelope restoration—the board usually ends up weighing two primary funding mechanisms: a special assessment (immediate lump-sum payments from owners) or a condo corporation loan (debt serviced through temporary fee increases). But there’s a third lever that often determines whether either option is necessary in the first place: the reserve f

A reserve fund study is a comprehensive engineering and financial assessment that evaluates the condition of a condominium's common property components, estimates their remaining useful life, and calculates the funding required to repair or replace them over a 25-30 year period. The reserve fund study cost in Alberta typically ranges from $2,500 to $8,000+ depending on property size, complexity, age, and the scope of inspection required. Understanding these cost factors he

Planning for the future of a condominium community can be challenging. Unexpected repairs or upgrades can strain budgets and cause stress for homeowners and condo boards alike. This is where a Reserve Fund Study becomes essential. It helps predict future expenses and avoid sudden financial burdens like special assessments. For Alberta condos, understanding how reserve fund studies work and how to manage special assessments can make a significant difference in maintaining pro

When investing in real estate, whether residential or commercial, one crucial aspect often overlooked is the financial planning for future repairs and replacements. This is where the reserve fund study comes into play. A well-maintained reserve fund ensures that property owners and investors are prepared for unexpected expenses, protecting their investment and maintaining property value over time. Why the Reserve Fund Importance Cannot Be Ignored A reserve fund acts as a fin

Looking to review your Condo Documents in minutes? Try CondoDoc Report  and get your comprehensive, instant report today. When buying a condo, understanding the fine print is crucial. Condo document review is an essential step that helps buyers make informed decisions. It involves carefully examining the legal and financial documents related to the condominium. This process can reveal important details about the property, the condo corporation, and any potential risks. For a

When investing in commercial real estate, making informed decisions is crucial. One of the most important steps in this process is conducting a thorough inspection of the property. A detailed inspection can reveal hidden issues, help negotiate better deals, and ultimately protect your investment. This article will guide you through the importance of commercial property inspections and provide practical tips to ensure you get the most out of your inspection process.

Navigating condo ownership can feel overwhelming, especially when it comes to understanding the legal documents that control these properties. Whether you're a buyer, owner, realtor, or lawyer, a detailed condo document review is crucial. In this post, we will break down the condo document review process in Alberta, focusing particularly on Condo Document Review in Edmonton. We’ll highlight why this step is essential, the unique challenges posed by Alberta condo laws, and how

Commercial Inspection of a Dental Building in Wetaskawin, AB

Want to review your Condo documents in just minutes? Get started with CondoDoc Report  and receive your instant, detailed report. Buying a condo is a major milestone, but hidden financial risks can turn your dream home into a stressful investment. One of the most significant—and often overlooked—risks are special assessments. These unexpected charges can cost condo owners thousands of dollars, often with little warning. For buyers and realtors, the key to avoiding these surpr

Brookstone Inspection evaluated two industrial buildings in Edmonton, AB, for an owner.

Property Condition Assessment , Property Condition Report , Commercial Building Inspection , Commercial Property Inspection ,   Edmonton, Alberta When investing in commercial real estate, making informed decisions is crucial. Whether you are buying, selling, or managing a commercial property in Edmonton or nearby areas like Sherwood Park, Leduc, or St. Albert, understanding the condition of the property is essential. This is where commercial property inspections come into pl

Brookstone Inspection evaluated a multifamily residential building in Edmonton, AB, for a commercial investor.