Quick Answer: Should You Get A Home Inspection On A Condo?

What happens if I don’t get a home inspection?

You’ll have less legal contractual outs.

One of the biggest benefits of a home inspection is it gives the buyer a legal contractual out through a contingency clause.

However, if you forgo a home inspection, you’ll have fewer options to legally walk away with your earnest money deposit..

Does seller have to disclose inspection?

Court decisions in California for decades make it very clear that sellers (and their real estate agent) have the duty to disclose prior inspection reports on a listed parcel that are in the possession, custody or control of the seller regardless of who initially paid for the report.

What fixes are mandatory after a home inspection in California?

What fixes are mandatory after a home inspection?Mold or water damage.Pest or wildlife infestation.Fire or electrical hazards.Toxic or chemical hazards.Major structural hazards or building code violations.Trip hazards.

Is it necessary to have a home inspection?

In the end the most important reason to have a home inspection before you buy is to really know what you’re buying. Research your potential home like you would any other major purchase. … Home inspectors can help you make a decision based on your current budget as well as your future time and money investment.

Why buying a condo is a bad idea?

Owning a condo harbors more financial obligation than single family homes and gives you more uncertainty when it comes to estimating unexpected expenses that you might incur. The best rule is to always overestimate your expenses when buying a condo for investment.

What does a condo home inspection include?

The inspector evaluates and reports the condition of the structure, roof, foundation, drainage, plumbing, heating system, central air-conditioning system, visible insulation, walls, windows, and doors. Only those items that are visible and accessible by normal means are included in the report.

What should you ask a home inspector?

Questions Every Buyer Should Ask the Home Inspector After the InspectionCan you explain this to me? … How big a problem is this? … Do I need an expert to look at this problem? … Is this problem normal? … Can you advise me on things I should fix when I move into the home?

What are red flags in a home inspection?

Inspection Issues That Will Cost You “An HVAC, furnace, major appliance, or water heater that isn’t functioning properly is a red flag that is worth raising to a seller.” He seconds the warning about older roofs, not only because of water-damage concerns but also because replacing them can be expensive.

What is a home inspector liable for?

The home inspector is liable for patent defects they failed to uncover during the course of inspection. The purchaser and their counsel rationalize that any defect uncovered after closing is either latent or patent. If latent, they deduce that the vendor should be responsible.

Do you do a home inspection on a condo?

A condo home inspection is a process in which you hire a certified home inspector to assess the health a condo unit. … Some inspectors may also spend some time inspecting the common elements (we’ll cover that later) even though they are the responsibility of the condo building. The inspection is a visual one.

Can I skip home inspection?

“Skipping the inspection could cost thousands down the road once a major defect is discovered.” … If a seller’s inspection turns up any defects, you are legally obligated to disclose them if you don’t fix them. This could turn buyers away from your home before they even give it real consideration.

What should I know before buying a condo?

Here are five factors to consider when buying a condo.Location, Location, Location. They say the three most important rules in real estate are: “location, location, location.” You likely won’t live in your condo forever, so you’ll want to think about long-term resale value. … Amenities. … Condo Rules. … Reserve Funds. … Size.

What should you not ask after a home inspection?

Avoid asking for repairs that relate to your planned renovations. Doing so will put the sale at risk, which is unnecessary since you are just going to renovate anyway. This is the kind of home inspection request a buyer should never make and will just piss off everyone involved in the transaction.

Is living in a condo worth it?

Condo fees play a huge role in pushing buyers away because it’s an additional monthly cost that could become a bad investment over time. Other, meanwhile, argue that condos are worth it because even single-family homeowners pay costs for maintenance and upkeep without getting the services offered in condos.

Should you get an inspection on a condo?

Some prospective buyers feel that a condo inspection is unnecessary since their homeowners association (HOA) will cover many issues. A full inspection may sound superior, but it’s not necessary or advised in all situations. …

How much do home inspectors make in California?

The average salary for a home inspector in California is approximately $73,000 per year. How much does a home inspection pay? The average fee for a home inspection in California is $420. The amount you charge for a home inspection will vary based on age and square footage of the home.

Can a home inspection kill a deal?

Houses and Home Inspectors Do Not Kill Deals When the findings uncovered in a home inspection significantly alter the buyer’s expectations about what they thought they were buying, this causes problems. … Here are the top three reasons buyers cancel a deal after the inspection.

Why you should never buy a condo?

Less Space and Flexibility. Another one of the reasons not to buy a condo is that you have less space and flexibility in how you use your place. Some condos offer owners extra storage space or possibly a basement, but you’ll still likely have a smaller, more compact living environment than you would in a house.