There are many different types of Inspections and vary depending on the purpose of the inspection. Pre-purchase Inspections are commonly done during the due diligence or "under contract" phase of a purchase contract. Even though a condo may be sold as is, it is still in the buyer’s best interest to have an understanding of what problems may exist. They can then make a decision as to whether proceed forward with the contract.
What is a Condo Inspection?
An Inspection is a snapshot of a condo on the day of the inspection. It is a non-invasive, visual evaluation of the property’s basic structure, the structure’s foundation or basement, interior, exterior, roof, electrical, plumbing and heating and cooling systems. The purpose of an inspection is to detect major visible problems or defects and unsafe conditions.
A Condo Inspection may be used to provide information for various purposes. Most often, a home inspection is used to assist a client in making a more informed purchasing decision. The inspector may also educate the buyer as to typical life expectancies, items to budget for replacement as well as how to take care of and maintain the property.
What to look for in a Condo Inspector
The buyer may choose any Inspector to perform the inspection. Your Realtor is one source for finding a home inspector. You can also look in the Yellow Pages. In selecting an inspector the buyer may want to ask some of the following questions:
What other credentials do they have?
Does the inspector conform to state and local requirements?
How long has the inspector been doing this?
Does the inspector have any formal training?
Is the inspector familiar with the local area?
How long will the inspector take?
As the client may I accompany the inspector?
What is the cost?
What type of report will the client receive?