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User Info Another Piece of the Housing ScrewJob; entered at 2023-01-23 11:10:13
Tickerguy
Posts: 192326
Registered: 2007-06-26
The problem with buying an inspection in a condo is that you're inspecting your unit. The really UGLY stuff comes when its not just your unit, but common areas. THAT stuff should have a regular inspection schedule and yeah, you should demand and look at it first along with some qualified folks in an attempt to detect what you might have missed.

But -- the unknowables are wildly bigger in a large building than a single-family house. Even significant foundation trouble can be fixed in a SFH and while its expensive, its not bone-crushingly so.

That's definitely NOT TRUE for a midrise or highrise condo; there that sort of "surprise" can screw you beyond belief.
2023-01-23 11:10:13