Whether you are buying or selling a condo, it is important to be educated about the unique details involved in condo inspections. Condos and single-family homes clearly have different visual characteristics, but the differences also make their way into the paperwork. Let’s go over a few things you should make sure are inspected before sealing the deal on a condo.
HOA Meeting Minutes
The homeowners’ association (HOA) of a condo is responsible for various aspects of a condo building and enforcing the rules and regulations that have been established for residents. Before you purchase a condo, get a copy of the last 12 months of HOA meeting minutes. This will give you a better idea of any issues or concerns that current residents are experiencing, and you will also find out about any problems with the building that may not have been brought to your attention before.
In many condo inspections, inspectors will only check out the interior features of the space. Make sure you are present for the inspection, and have them take a look at the roof of the building as well. While the HOA is responsible for exterior repairs and maintenance, you want to know if there are any major issues looming. Future problems can also mean future fees to cover the cost.
Walls, Ceilings and Floors
All of the walls, ceilings and floors within a condo should be thoroughly inspected. You want to make sure that there is sufficient soundproofing, since these areas are often shared with other residents. The last thing you want to find out once you purchase your condo is that you can hear every footstep from above or every conversation that your adjoining neighbors are having.
While many condos do not have HVAC units within each dwelling, you should still make the effort to have it checked out. If the HVAC unit is on the roof or in another area of the building, you may first need to get approval before your inspector is able to look it over. This is another area similar to the roof. Big problems can lead to big fees later on to repair or replace the HVAC unit.
Even though condo inspections differ from home inspections, things can go just as smoothly if you know how to handle it and what to expect.