Buying a condo is similar in many ways to a single family home. It is also different in a number of ways, including the inspection process.
When you decide to purchase a condo, you have the right to opt for a variety of inspections. This will ensure that you know exactly what you are getting. It will also allow you to back out of the deal if you find something you don't agree with.
Generally speaking, you have two options when it comes to a condo inspection:
-- Full inspection
-- Interior inspection
With a full inspection, the inspector examines the unit inside and out. This includes but is not limited to the roof, crawl spaces, attic, and other common areas.
With an interior only inspection, the inspector will focus 100 percent of their time on the interior of the unit.
Here is why some people opt against a full inspection: They are not in charge of upkeep and maintenance associated with the exterior. Even though this may be true, it is in your best interest to opt for a full inspection, as this will help you better understand the overall condition of the building.
Buying a condo is a big decision. It is important to understand the condition of the property, both inside and out. Furthermore, make sure you know what you are responsible for in terms of maintenance.
Before you decide to move forward with the purchase of a condo, make sure you have the property inspected. This can help you avoid trouble that could cost you money in the future.
Source: Redfin, "The Condo Inspection: What Buyers Need to Know," accessed Nov. 30, 2015