Buying a condo? Check for water damage first

Are you in the market for a condo? Condominiums are becoming an increasingly popular choice for homeowners. Some of the benefits of living in a condo include convenience and low maintenance but, as with any property purchase, it is important to be aware of potential pitfalls. Condos can suffer from damp and water damage problems just like any other property and although some moisture-related problems may be covered on your condo insurance NJ, many aren’t and could be expensive to remedy.

When you are inspecting your prospective new home, there are a few signs to look out for that might indicate the property has a problem with moisture:

•    Stains on walls or ceilings which could indicate water damage or mold
•    Musty smells in rooms or closets
•    Cracks in walls which could let in water
•    Standing water in outside areas or on balconies
•    Warping in wooden floors

In the event that you see signs of water damage, it is a good idea to get a very thorough building inspection before you commit to a purchase. Seek professional advice as to the extent of the problem, costs to repair it and whether any future issues might be covered by your condo insurance NJ. Once you have the necessary advice, you can make a better informed decision.

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