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Updated 6 months ago on . Most recent reply

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Jen Geisler
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Home inspection equivalent for Condo

Jen Geisler
Posted

Beginner investor here. I'm looking at buying a condo for STR (yes this is allowed at the building). The building is near the beach and is about 40 years old. I'm wondering, when a house is purchased there would be an inspection but what is the equivalent for a condo? Is there an inspection of some sort or do I need to ask the condo association for maintenance records? How would I know the sewer or foundation isn't rotting out below the building, or that there's going to be a huge assessment to replace siding in the next few years? Is that information the selling agent would provide to me? How would I validate that the info provided is legit?

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