Most people don’t look at a building and see a living entity. Instead, they see a structure made of masonry, wood, glass and vinyl. However, buildings are very much alive. They breathe, move, make noise and go through a lifecycle much like us humans do.
With the soon expected Depreciation Report legislation will come the need for strata corporations to identify their building’s unique lifecycle and plan to provide the TLC needed to ensure their home grows to a healthy old age.