Saturday 29 July 2017

What Is a Condo Inspection and Is It Really Necessary?

Compact, easy to maintain, affordable and convenient – these are just a few of the reasons why many home buyers opt for the simplicity of condo living. Some might argue that not having to shovel the driveway in the depths of winter might just be incentive enough!

Whether the buyer is a young professional looking into condo ownership as a stepping-stone to home ownership, or an older couple is considering downsizing to a residence that will better suit their needs as they move into retirement, the reasons are vast and the options are endless. One thing that remains fairly constant, however, is that a condo is a sizeable investment and one worth protecting.

Read on to find out what a condo inspection is and how it could save you money in the long run.

What is a Condo Inspection?

A condo inspection is a type of home inspection ordered by the buyer or owner of a condo that consists of a walk through inspection of the interior systems of the unit.

What Is Included In a Condo Inspection?

A condo inspection is a visual inspection of the following:

* Heating System
* Electrical System
* Plumbing System, including faucets, toilets, bathtubs, and showers (e.g. are they draining properly?)
* Interior structural elements, including windows, walls, floors, doors, etc.
* Ductwork and Vents

It will also include observations and recommendations, for example – issues with doors/hardware, caulking/grout, air filters, and more…

Typically, and understandably, an inspection on a condo will be less exhaustive and costly than an inspection in a home. While it is true that there are fewer systems to examine in a condo unit, you shouldn’t devalue the benefits of having a home inspector examine these condo features because the cost to have them repaired once out of warranty will undoubtedly far exceed the price tag on an inspection.

Finally, Here Are The Top 3 Reasons For Getting a Toronto Condo Inspection:

*The condo is more than 5 years old. We recommend condo inspections no matter the age, but in the case of a condo that is more than 5 years old – it is highly important!

*The buyer or the real estate agent have concerns about the building/unit.

*Easing anxiety for a buyer of a new condo during the warranty process/period.

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