Buying a condominium ?

You will certainly want to do inspections and several types depending on what is recommended in your area and type of equipment. Your agent should be able to recommend appropriate inspections to be done. Read and understand the by laws, association budget, if they manage it well or not and if any law suites current pending on the association. Sometimes its a good idea to talk with people with in the community to see what others think about the association and how its ran.

Great question! Treat the property like a house purchase in the sense that you will own it. So, get inspections done. ALSO, read the covenants, by-laws, and rules the govern the condominium. Depending on how you write the offer to purchase, these should be considered part of the inspection period. It is a good idea to team up with a local agent that can help you understand these things. Good luck!

Excellent question. Request and review all the association documents, meeting minutes, by-laws, budget, insurance, reserves, etc.

Great question! Buying a condo is a little different than buying a single-family home. Yes—you still want an inspection. The association may cover the structure, but you’re responsible for the inside, and it’s always smart to know what you’re walking into. Beyond that, the big things are the financial health of the association (do they have reserves, or are you walking into a special assessment?), the rules and restrictions (pets, rentals, renovations), and the monthly fees—what’s included and what’s not. Every condo community has its own personality, so knowing the “fine print” is just as important as loving the unit itself. I break all this down for my buyers so nothing gets missed.

I always recommend an inspection on any real estate purchased. You need to know what is covered in your dues and the bi laws. You will also need to know who holds the master policy for the insurance and usually you can get a discount on insurance if you use the same company.

Yes, you want a home inspection and request the budget, bi-laws, condo declaration, rules and regulation, board minutes and move in kits.