Since it is faulty construction that gives rise to the value loss, that portion due to stigma is dependent on the date when a restoration is discovered to be necessary, and ultimately, the magnitude of the restoration. The exception occurs when a structure has had its PTC tendons de-stressed by some type of alternative support system. Knowledgeable investors are aware of the technological improvements that have been made in the late 1980's. In summary, the reasons for a value loss due to post tension construction failures in Calgary are numerous. Mortgage and insurance costs are found to be higher than normal.
Renovations are more expensive.
Monitoring costs are unique to this type of construction. Getting into and out of this type of real estate ownership is identified as more expensive and time consuming. While construction costs are lower going into a project, demolition is considered to be higher. In addition, some felt that the life expectancy of PTC structures was shorter. Steve Rickard is in the Calgary offices of Rickard Realty Advisors Inc. who have been involved in the fair and equitable valuation of property for municipal assessment for fifteen years, primarily in Western Canada.