Yes, a condo inspection is a crucial step in protecting yourself from unexpected repairs and hidden liabilities inside your home.
Purchasing a condo can be a wise investment, as it offers lower maintenance and access to shared amenities without the upkeep of a single-family home. However, assuming that the homeowners association (HOA) covers everything could leave you vulnerable to unforeseen repairs and hidden liabilities within your unit. That’s why a condo inspection is essential before making a purchase.
In this Redfin article, we will delve into why a condo inspection is important, what inspectors look for, and how to spot red flags before finalizing the deal.
In this article:
Why is a condo inspection important?
What does a full condo inspection include?
How much does a condo inspection cost?
Condo inspection checklist: What inspectors look for
Before scheduling an inspection
Condo inspection vs home inspection: A quick comparison
Protect your investment with a condo inspection
FAQs about condo inspections
Why is a condo inspection important?
There is a common misconception that the HOA takes care of all maintenance and repairs in a condo, leading many buyers to believe that an inspection is unnecessary. However, overlooking a condo inspection can prove to be a costly mistake.
While the HOA typically manages exterior maintenance and shared amenities, anything within your unit’s walls falls under your responsibility.
Here’s why scheduling a condo inspection is crucial:
- Uncovers hidden issues: Condo inspectors can identify problems like leaks, faulty wiring, or mold that may not be visible during a casual walkthrough.
- Clarifies maintenance responsibilities: An inspector will explain which repairs fall under your HOA’s jurisdiction and which are your responsibility.
- Protects your investment: Understanding the true condition of the unit can help you avoid purchasing a property that turns into a money pit.
- Strengthens negotiation power: If issues are found during the inspection, you may negotiate a lower purchase price or request repairs before closing.
- Reveals poor past maintenance: Inspections can uncover shortcuts or improper fixes done by previous owners.
- Supports long-term budgeting: Understanding the current condition of appliances, HVAC systems, and plumbing can help you plan for future maintenance costs.
What does a full condo inspection include?
A full condo inspection goes beyond a superficial assessment of finishes and fixtures. It involves a thorough evaluation of everything inside your unit and sometimes just outside it that could impact your safety, comfort, and future expenses.
A qualified inspector will meticulously assess the interior of the condo and may also examine adjacent areas, especially if they could lead to future issues or special assessments.
Here’s what a full condo inspection typically covers:
Interior of the unit
- Walls, ceilings, and floors for cracks, stains, or signs of structural issues
- Water damage or leaks, especially around kitchens, bathrooms, and windows
- Windows and doors for proper operation, sealing, and signs of deterioration
- Electrical systems including outlets, switches, and circuit panels
- Plumbing systems such as water pressure, drainage, and visible piping
- HVAC systems, including interior and (if applicable) exterior components
- Smoke detectors and safety features to ensure they’re properly installed and functioning
- Appliances included in the sale to verify they are working properly
- Insulation and ventilation in attics (if accessible) or other areas
- Shared walls to check for damage or noise-related issues
- Caulking and grout in bathrooms and kitchens for signs of wear or gaps
Other areas often inspected
- Garages or basements directly connected to or assigned to the unit
- Patios, decks, or balconies that are part of your unit
- Crawl spaces or attics (if accessible and relevant to your unit)
- Common areas adjacent to your unit—such as hallways or stairwells—for signs of neglect or potential future expenses
This is a general overview of what a condo inspection typically includes, but requirements can vary depending on your state. In some cases, inspectors may need to cover additional areas. If you’re applying for an FHA loan, keep in mind that the Department of Housing and Urban Development (HUD) has its own specific inspection guidelines for condominiums.
How much does a condo inspection cost?
Condo inspections are usually less expensive than full home inspections because they focus on the interior of the unit rather than the entire structure. On average, you can expect to pay between $200 and $500, depending on your location, the size of the unit, and any additional services you may request—such as mold, radon, or sewer line testing.
Condo inspection checklist: What inspectors look for
A condo may appear clean and ready for move-in on the surface, but only a professional inspection can uncover what’s beneath the surface. The aim is to assess the unit’s overall condition, identify safety concerns, and reveal any signs of damage, wear, or inadequate maintenance.
Here’s what an inspector focuses on:
Structural and safety concerns
- Cracks in walls, ceilings, or flooring
- Water stains or signs of leaks (past or present)
- Mold or mildew, especially in bathrooms and around windows
- Damaged or missing smoke and carbon monoxide detectors
- Worn-out or unstable stair railings
Plumbing and water systems
- Low water pressure or slow drainage
- Leaky faucets, pipes, or fixtures
- Water heater condition and functionality
- Signs of previous water damage under sinks or behind appliances
Electrical systems
- Working outlets, switches, and light fixtures
- Electrical panel condition and proper labeling
- Grounding and potential fire hazards
- Adequate GFCI protection in kitchens and bathrooms
Heating, cooling, and ventilation
- HVAC system performance (interior and exterior units if applicable)
- Thermostat function and air flow throughout the unit
- Proper ventilation in bathrooms, kitchen, and attic spaces (if present)
Interior condition and general maintenance
- Window and door functionality, sealing, and hardware
- Appliance operation (if included in the sale)
- Caulking and grout condition in kitchens and bathrooms
- Signs of DIY repairs or neglected maintenance
- Flooring wear and any trip hazards
- Presence of unpleasant odors, which could indicate mold, moisture, or pests
Shared or adjacent areas
- Condition of shared walls for soundproofing or damage
- Decks, patios, or balconies attached to the unit
- Entry points to garages, attics, or basements (if part of the unit)
Before scheduling an inspection
Before you proceed with scheduling a condo inspection, there are several crucial steps you can take to better prepare yourself and safeguard your investment.
Review the HOA’s reserve study and meeting minutes
Request the condo association’s most recent reserve study and a year’s worth of meeting minutes. These documents can provide insight into the building’s maintenance and financial stability. Meeting minutes can also reveal the community dynamic, including neighbor disputes or ongoing complaints.
Ask about special assessments
Special assessments involve additional fees charged to condo owners for unexpected repairs or upgrades. Inquire about any recent or planned assessments to avoid unexpected expenses in the future.
A special assessment does not necessarily indicate a bad investment. Some HOAs keep monthly dues low and rely on occasional assessments for major repairs.
Learn what the monthly dues are
While low monthly dues may seem attractive, they can be a warning sign, especially if reserve funds are low or maintenance has been deferred. These indicators could point to future costly assessments, so ensure to review the HOA’s finances and inform your inspector about what to look for.
Understand what the HOA is responsible for
HOAs typically manage repairs and maintenance for shared spaces like roofs, hallways, and exterior walls. However, the extent of the HOA’s responsibility can vary. Make sure you comprehend what is covered by the HOA dues and what falls under your responsibility, so you know what your condo inspection should focus on.
Review the condo’s master insurance policy
Not all damage will be covered by your personal condo insurance. The HOA’s master insurance policy typically covers the building structure and common areas, but there may be gaps affecting your unit. Reviewing this policy can help you determine if additional coverage is necessary and avoid costly surprises after closing.
Condo inspection vs home inspection: A quick comparison
Protect your investment with a condo inspection
While a condo may entail fewer maintenance responsibilities than a traditional home, it is not without risks. By taking additional precautions, such as scheduling a professional condo inspection, you will be better equipped to avoid costly surprises and invest in a condo that truly meets your expectations.
Ready to take the next step? Connect with a reliable real estate agent who can assist you in finding the perfect home, guiding you through the inspection process, and providing all the necessary information for a confident purchase.