If you are serious about buying a condo, then make sure to have a manhattan condominium inspection performed for all potential manhattan properties that you are highly considering and definately do it prior to signing a contract whenever possible. I am sure you love the city life, but will hate watching your money vanish into an apartment you pay rent for and will never own. If you are like me, then a condo may just be the perfect choice for you. Owning a condo can offer many things a typical house cannot, especially a house in a city environment. Often homes are more expensive to initially purchase, as well as the upkeep and associated costs of running and maintaining the house. Having space inside for a gym, game room, sauna and even a pool in the backyard is well out of the financial reach of most people starting out. Added amenities is really where a condo shines, by communally sharing all of the above with other tenants you can afford to have much more at your disposal than you would otherwise. Security systems, elevators and ramps for the disabled, doormen, and down the shoot trash collection are often typical finds in many condominiums that would otherwise not be available to all but the richest of home owners.
Although this video is not specific to most Manhattan condominiums I must emphasize that there are just as many items, more items and additional items that are looked at when it comes to a Manhattan condominium inspection.
Remember to have a Manhattan condominium inspection before making a committment
While condo life is full of perks, there are numerous costs associated with the purchase beyond the initial asking price. Parking can be one such cost, as many condos do not offer free parking. If a specific parking spot is purchased, the space itself remains the property of the condo corporation, you merely purchase the right to use it exclusively. The condo corporation can at anytime decide to rework parking spots, and you may find your new spot in a far less desirable location than the one your had originally purchased. If no purchase option is available, you may have to pay a monthly renting fee in order to park at your building. Monthly maintenance costs, such as maintaining the gardens, pools, and game rooms will also likely be billed to you every month. Be careful with your math because it all adds up rather fast. On a side note, regardless of what you buy or when you buy it, make certain that you have it inspected by a professional Manhattan condominium inspection firm with experience specifically related to condominiums.
You’ll Probably Be Surprised By How Square Footage Is Actually Measured
I know you want everyone to know how big your house or condo is, and you want every last piece of space to be included. However, as in the case of the seller who had to forfeit $25K, doing so can come back to haunt you. Buyers are coming to your home …
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Olympian Home Services 461 Columbus Avenue, New York, NY 10024 – 646.328.3931
Your Manhattan condominium inspection experts
Another thing to be wary of when purchasing a condo, is the fine print. You may purchase a retirement condo then find out your not allowed to move in if your under a certain age. You may have bought a condo with the intent of renting, to discover that its not allowed by condo rules. Alternatively, in a community where renting is allowed you may find your neighbors constantly rent to an ever changing array of people who may not have the same respect for communal property that someone would if they were a condo owner.
A thorough professional Manhattan condominium inspection will look out for your best interests
While the building itself as a whole does not belong to you, it is advisable to get a manhattan condominium inspection (assuming its in Manhattan) in order to check not just the unit you plan to purchase, but the common areas and envelope of the building as well. While your unit may be in great shape, the process of having a Manhattan condominium inspection may uncover a trend with the rest of the building that could suggest future troubles not yet present in your unit. Once you purchase a unit, most repairs are your responsibility, and in the event of a leak, you may be responsible for the damages to any neighboring units as well. Please reach out to us with your Manhattan condominium inspection questions and concerns or of course to make your appointment.
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