Getting a condo inspection isn’t something that people always think about, but it is just as important as getting a home inspection on a residential home. Condos can have many of the same issues that homes can have, so it is important to make sure that the area is a safe place to live!
When purchasing a home, condominiums are a unique and great option to look into. An HOA takes care of the ground and exterior maintenance, meaning you, as the homeowner, only have to worry about the home itself. A condo should always be inspected before you close the deal to ensure you’re not purchasing what could soon become a nightmare to maintain.
A condo inspection can change the outcome of a conditional offer. If you discover a major problem with the condo, as long as you have a home inspection clause in your conditional offer, you can use that report to back out of the deal. If you’re still sold on the home, a home inspection can help you negotiate a lower final price.
A condo inspection and a home inspection typically cover very similar areas. In a tower, certain spots may be left out if the inspector can’t access them, but in a more personal unit, you can often have a full home inspection. Since the exterior of your condo isn’t your responsibility, an exterior inspection can give you leverage to negotiate the final price of your home. Finally, it can provide more insight into how well-maintained the property is.