Is an Inspection Necessary When You're Buying a Toronto Condo?
Most people don't think that hiring a building inspector is necessarily important before purchasing a new Toronto condo. Usually it is assumed that the condo building is in tip top shape and that all is up to code. This is certainly the case in most condominium buildings across the city, but there is always the rare exception to the rule and that's when you’ll want to cover your bases by getting a home inspection done.
It's a low price to pay
When you consider the cost versus the value of what you will be getting for an inspection, it's well worth the money you’ll be paying. Even if the results come back that the condo is working fine and you really didn't have anything to worry about in the first place, you have still purchased something very valuable. You have bought the confidence needed to go ahead and sign the purchase offer without having any doubts left on your mind.
What could go wrong?
There are a lot of small inspections that need to get done in a condo in order to put your mind at rest. If there is a fireplace in the condo, that's one of the things that needs to get checked first. Other things that will be looked into by the Toronto building inspector will include the windows, the electrical system, hood exhaust etc.
A condo inspector that is well-versed with condominium buildings will also take a look at the garage to make sure that adequate drainage is provided so that flooding doesn’t pose a threat, will look at the common elements of the building and will examine the exterior to check the drainage, the roof, air conditioning units and the other areas of interest.
Getting an inspection for your Toronto condo won't cost a lot, doesn't take a long time and gives you the confidence you need to make a final purchase decision. While you can certainly go ahead and buy your condo without an inspection, it's something you may want to consider if you're the type of person that doesn't want a nagging doubt rising up later about the state of the condo once the papers have been signed and finalized.