Buying a condominium inspection list

 

Before you buy a condominium, you should visit your property of desire. You may have to smile a little now, but it does happen that prospective buyers buy a condominium without having seen it in person. This can sometimes have fatal consequences. After all, buying a condo is a big financial decision. It is therefore imperative not to rely on the description and pictures on the Internet, but to take a look at the condominium yourself.

This is especially true for older existing apartments. Here are some pitfalls that can turn a condominium into a bottomless financial hole. In principle, the quality of a condominium is based on two criteria: the location and the condition. So that you make the right choice and buy an attractive condominium that will retain its value and become a good investment in your future, we would be happy to provide you with a checklist for viewing.

The location of the condominium

The proverbial alpha and omega to consider when buying a condominium is the location of real estate. In advance, you should be clear about whether you want to live in the apartment yourself or whether you want to rent it out. Because depending on the needs of the respective owner of the condominium, other location criteria are important. Union complex is the best place for buying condominiums.

In general, apartments, regardless of whether they are existing or newly built, with the following facilities and features are popular in the area and will probably remain so:

Transport connections:

The proximity to public transport as well as to federal highways or motorways, for example, makes the location attractive for a condominium. Because the group of those who commute to work every day and rely on good transport connections is growing all the time.

Shops:

The closer such shops are to the apartment, the better the location is usually rated. In addition to grocery stores, this also includes pharmacies, hairdressers, clothing, and electronics stores.

Schools & Doctors:

Doctors and schools in the vicinity are location criteria that are particularly important for young families or senior citizens.

Leisure facilities:

The closer sports facilities, restaurants, bars, cinemas and the like are, the more popular the location for a condominium is for leisure facilities.

The reputation of the quarter:

In vibrant cities like Berlin, new trendy quarters appear every year that grow economically within a short period. Upswing neighborhoods are particularly in demand, as rents are still relatively cheap here, but the way to the hip neighborhood is foreseeable. If you're unsure of the neighborhood's reputation for buying your condo, ask residents or do some research on the internet.

Noise level:

In terms of noise, the district's reputation and transport links probably play a role. The volume of noise in the area, which may be caused by the nightlife, heavy traffic, or construction work, can influence your potential tenants in choosing an apartment. Get a luxury apartments in Lahore and enjoy your life without noise.

Green spaces nearby:

Green recreational areas are particularly in demand in larger cities.

View:

Depending on whether your condominium has a balcony or a (roof) terrace, the view you want to enjoy there can be an important criterion.

Substance and condition of the condominium

In contrast to the location, you can still contribute a lot to the condition of your dream home after buying it. Depending on whether and to what extent you are willing to invest time and money in the renovation or modernization of the condominium, it is worthwhile to take a close look at one point or another when viewing.

In the case of a newly built or not yet completed apartment, you can usually assume that the pipes, cables, heating, and the roof of the house are in order. Nevertheless, get a description of the building during the tour. In this, you will find out what work has already been done and what the developer will still do on the condominium. It is also interesting to know whether the individual construction sections have been approved by an independent expert. When buying a condominium, you should pay particular attention to the energetic concept, sound insulation, and bathroom equipment. In general, you will probably not have to do much yourself with a new apartment, unless you would like to agree to that Personal contribution with the developer.

In the case of condominiums in older houses, there is certainly much more to consider when it comes to the substance and condition of the apartment than is the case with new-build apartments. In the following, we would like to give you a checklist with which you can get an idea of ​​the substance and the condition of your possible condominium.

The facade of the residential building:

How does the house look on you from the outside? Is the facade in order or has it even been redone? Or do you see cracks, graffiti, and flaking plaster, discoloration that indicates moisture or vegetation from ivy or wine? The latter usually looks very dreamy and romantic, but tendrils sometimes eat their way into the masonry. Besides, an overgrown facade invites insects and birds to nest. The better the facade looks, the less has to be done here shortly and the fewer costs you will have to face as a future co-owner.

Balconies and terraces:

Do balconies and terraces make a stable and well-kept impression? Do you want to add (new) balconies soon? Here, too, a cost factor can arise if the balconies or terraces of your condominium have to be renewed soon.

Roof, pipes, cables, heating:

A very important aspect if you want to buy an existing condominium is the condition of the roof, pipes, and cables as well as the heating system in the house. The older the house in which your dream apartment is located, the more critical you should drill: When was the roof last re-covered, and/or was it insulated? A roof should be re-covered around every 30 years. Do the pipes, lines, and heating system meet current standards? Here, too, should be done about every 30 years to ensure functionality.

First look into the apartment:

When you first enter the condominium, you should first sharpen your senses. What impression does the apartment make on you? Do you perceive unpleasant smells - such as pent-up moisture or tobacco odor? Both are difficult to get a grip on. Or do you feel right at home in the apartment?

Floor and floor covering:

Then look down once. What is the flooring of the condominium you want to buy? Is it linoleum, laminate, parquet, or carpet? If it's carpet: what's under the carpet? Maybe an old plank floor? In what condition are wooden floors? If the wooden floor looks unkempt, ramshackle, or damp, it can be restored. If the floor only needs to be sanded down and varnished once, plank floors upgrade the apartment and ensure a cozy living environment.

Walls and Ceilings:

It is advisable to know the texture of the walls and ceilings before buying the condominium. Over the decades that the building may have under its belt, shafts and doors within the apartment may have been bricked up. If you then want to hang up kitchen cabinets, for example, but the walls are made of different stones and drywall, this surprise can quickly become annoying. Because every type of masonry requires different dowels, for example, and has a different load-bearing capacity.