How do you assess each item’s condition, expected life and replacement cost?

We carry out an inspection on the building/s and identify all common property items that will need replacing over time. We assess each item’s condition and determine an expected life for both the existing item and its future replacement. We then estimate its replacement cost in today’s prices and make allowances for future price increases using a Building Cost Index.

The information for all items is added to Quanto’s tailored software to determine the amount each lot owner needs to contribute to the Capital Works Fund to have funds available when each item needs replacing.