A condominium kind of home is pretty different from other types of home constructions because as an owner you have only one unit for yourself in the entire building, which means you would have to share space or common areas with other people living in the same building. Condo owners have to follow the HOA rules laid down by the building's association of home owners, to ensure comfortable residential life. Since this is the primary principle governing condominiums residences, it is highly important that you get a condo inspection done, before venturing into a condo purchase.
A Condo Inspection Toronto will inform you about the true condition of the condo. The inspection should be done by a condo Inspector so that you get true findings on the actual state or condition of the condo. Factors that need to be checked are the walls, the flooring, the ceiling, the pipes, and the drainage. Often owners will try to conceal issues by carpeting or through wall painting. By getting a licensed and experienced inspector to do the evaluation, you can find out if there is a problem in any of these sectors and thereby safeguard yourself from buying a property, in which you would be spending a lot of money on repairs and maintenance.
If you wish to get a proper condo inspection done, it is vital that you get the services of a reputable condo inspector. The inspector you select should be able to show you credentials in the form of certifications. Ask the examiner about their years of experience and if they are part of any association as this proves their credibility and the fact that you get an accurate picture of the property's condition. A good home superintendent will carefully examine each part of the condo and bring out areas which have problems, the extent of the problem, what kind of repair work is necessary and so on.
A Condo Inspector will examine your condo the same way that it would a house, looking at the exterior, roofing, grounds, and other components that may be considered "common areas." The goal is to provide you with the knowledge to make an informed decision. If the roof for the unit is old and about to fail, will the cost of a new roof come out of the regular common charges or will there be a special assessment due? Don't get burned - you should have your condo inspected before you purchase and don't let anyone tell you otherwise because "it's only a condo". If it has heat, cooling, windows, plumbing, electrical, and anything else that can fail and that you will pay to have repaired than an inspection is a good investment.
Buying a condo may be the biggest investment you'll ever make. Although the process is very exciting, it quickly becomes overwhelming. While the condo you have selected may appear to be just what you're looking for, how can you be sure there aren't potentially serious unknown defects which can make your investment in your future a costly one? Having your new condo professionally inspected by a Toronto Condo Inspection as early as possible in the buying process can save you thousands of dollars on items which you may be able to have the seller or builder correct.