Becoming familiar with two structural inspection reports that condo associations are required to submit this year can save buyers money or help them avoid making an expensive mistake. Sellers will need to know what’s in their associations’ Milestone Inspection report and Structural Integrity Reserve Study before closing on a used condo unit as well, and owners who plan to stay in their units can learn what, if any, cost increases they will face for upcoming structural repairs. Many, if not most, condo associations in Florida are required to have the reports completed by Dec.
Looking To Buy Or Sell A Condo Unit? Get To Know Your Building’s Structural Inspection Reports
Ron Hurtibise, South Florida Sun-Sentinel
Sun, 09/29/2024 - 3:45am
Topics: sellers making orest tomaselli new york-based strategic inspections accurate related articles condo stronger champlain towers south june structural integrity reserve studies reports fireproofing plumbing waterproofing windows owners gov ron desantis september but sen kathleen passidomo senate the milestone inspection july state numerous suzanne hollander florida international university miami they travis moore community associations institute dbpr enforcement ryan paton coconut creek-based capitol lending group it s frequently asked questions answers great recession kind individual disclosure deerfield beach-based jack mccabe mccabe research consulting milestone study department mccabe ron hurtibise twitter in milestone inspection in structural integrity reserve study dec ceo south florida sun sentinel real estate legislature surfside the other desantis milestone inspections frequently asked questions answers hollander hollander they the moore business professional regulation paton frequently mccabe buy required documents contract law mortgage lenders read loan properties don requires costs repairs completed pay years condition people days elements signed property president monthly year potential reserves future purchase difficult called copies components mechanical special higher lack assessments lender weren members requirements visual requests doesn identifies plan money sale absence units cost wait price require number assessment subject provide stories dues issues handle doors offer systems led good document rules responsible developer local place agent board complete major managers exterior furnish
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