Just like how inspection has become a necessary phase before buying any house, so it does on a condominium purchase. The top reasons are obvious – for your own peace of mind and to get the value for your money.
What You Need To Know About Condo Inspections
Learn all you can about inspections in a condo environment. Here are four questions you need to ask if you’re considering to live in a PH condo, or anywhere else for that matter.
- How does it differ from a regular family house? Typically, the homebuyer will own everything in the residence – this means all components from the roof to the foundation. It is quite a different story for condominiums. With condos, the homebuyer will be purchasing a living space and the rest will be shared with other residents. Needless to say, the coverage is somewhat limited in condos.
- Is it really necessary? Regardless of the residential type, be it a single-family home or condominium, having the PH property inspected is a primary step that every buyer should undertake. In the case of the latter, issues related to electrical or plumbing may exist. Whether the building is newly built or more than 5 years old, your future home still warrants a physical examination. After all, it is not exempted from infrastructure or damage problems. For all you know, the unit has been occupied before and the former tenant used to experience troubles in the piping or wiring. Hence, it is an essential stage before sealing the whole deal.
- What is usually covered in the inspections? Every structure inside the unit is basically covered during the process. This includes the heating, electrical and plumbing systems, as well as the doors, windows, walls, ceiling, and floor. There are times when major appliances are thoroughly checked too to know if it has been recalled before. Identifying the history of service issues is likewise included. However, there are instances when the HVAC is within the responsibility of the board as it is a common element and not individually-owned. Hence, it is also important to find out what you’re getting so you’ll know exactly what you are responsible for.
- What are not included? The coverage normally excludes the common areas such as the lobby, hallway, elevator, roof, amenities and mainly those that are in the exteriors because they are not part of the specific unit or space that you’ll be living in. These areas are jointly shared therefore they fall under the responsibility of the board or association.