Why an Inspection for a Condo Purchase is Important
In Chicago condominiums are abundant, we often have occasion to speak with buyers who are anguishing over whether they need an inspection or not. Just like buyers who are purchasing a newly built home, condominium purchasers often feel that it’s not necessary to get a home inspection. The main reason for condos is that new buyers often believe that anything wrong with the unit is the responsibility of someone else – namely the condo association.
In Chicago, condos run the gamut from high rises with hundreds of unit owners to 2-unit condos; big associations with monthly dues and accrual funds, to duplex owners with no monthly dues who split their expenses when they need a new roof or when their siding blows off. Regardless of the size of a condo association, there are reasons upon reasons why buyers need a home inspection: