Condo Home Inspections: Things You Need to Know 

 

If you are moving out of your apartment and dream of purchasing a condo in your favorite city, you have the right to place a conditional offer to the seller. This provides safety to you when it comes to reviewing the condo’s building financial statements. However, most purchasers of resale condos, especially the first-timers, are overlooking something important, which are condo inspections. Well, yes, as a prospective buyer, you can request and include in your offer this type of inspection. This becomes very important in making sure you are not wasting your investment.  

 

 

 

What Are Condo Inspections? 

Similar to a house inspection that you hire whenever you want to buy a prospective house, a condo inspection involves hiring a professional to check the condo of potential issues and damages. Generally, the inspection involves a visual one where the professional just look for what is not hidden. For instance, there could be no opening of the walls or floors during the inspection so this means to say they don’t have the authority and the obligation to tear the house apart for a thorough inspection.  

 

The professional inspector will also give you a waiver of liability to ensure that you are okay with the idea that there could be potential issues that could be overlooked because of the said restrictions of what they could do the inspecting property.  

 

What makes a Condo Inspection Different from Home Inspection?  

On the one hand, in the house inspection, the inspector is responsible for checking every building system because they owners is responsible for all of these systems, they are accessible to the inspector, and a home inspector is qualified to comment on these systems. 

 

On the other hand, the condo inspection generally does not have the full authority for inspecting the building’s systems such as heating/cooling, roofing, electrical, and plumbing systems because all of these are covered by the fees that everyone in the building pays. This means to say that the condo inspector has limited responsibilities and this limits to inspect the appliances, plumbing within the unit, cooling, or heating unit if the owner has the full responsibility for IT, and other aspects that the owner of the unit has full responsibility and liability.  

 

What Does Ignoring a Condo Inspection Cost You? 

Most of the purchasers rely on the Status Certificate that they are providing. However, this does not give an accurate representation of the full health of the unit. On the other side, a condo inspect is able to identify issues and problems in the present and for the years to come (potential issues that could happen years after the inspection). When you fail to see current damages and potential issues in the future, you will end up spending more for repairs and replacements that you could have been avoided if you hired a professional condo inspector. 

 

Final thoughts 

There are things that professionals see that we are not capable of seeing, and this includes current problems and potential future issues of the condo you are planning to buy. Luckily, condo inspection services are just a call away. 

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