People often think that buying a condominium is a lot like buying any other home. The truth is that many mortgage lenders make it extremely difficult to finance a unit. Subsequently, many people find less conventional ways to purchase condos. When buying in cash or using personal loans, buyers may not be compelled by a lender to do an inspection, so they might think of skipping it. Should you? Here are some condo inspection tips to help you decide.
Understand How To Leverage It
While buying a condo is often different from getting a mortgage on a home, the inspection process follows a similar pattern. Redfin notes that once you make an offer on a condo, you get a resale certificate. Then comes the inspection. In the best-case scenario, you get news that gives you peace of mind. If not, at least you received forewarning before investing your hard-earned money in an unsuitable home. When the home inspector discovers faults that are not deal breakers, leverage these to get a better price. If the seller won’t budge, then ask them to fix the issues prior to closing the sale instead.
Know What To Look For
When it comes to condo inspection tips, one thing buyers need to know is that your inspector can check your individual unit as well as the condo as a whole. Find out what their plan is. Here are some of the many things professionals look for in Dallas condo inspections:
- Mold and other pollutants
- Strength of the water pressure
- Gaps in caulking in wet areas, such as the kitchen sink and bathrooms
- Signs of leaks or water damage
- Presence of pests, such as termites
- Cracks in the walls or foundation
Decide If You Need One
So, do condos need an inspection? Perhaps the best of all condo inspection tips you’ll receive is to always do an inspection, no matter how promising a unit looks. Saving a few hundred dollars is not worth gambling with your peace of mind. www.leveluphomeinspections.com
Dallas Condo Inspections (469) 405 9594