Minneapolis Minnesota Real Estate Blog

How to Use a Downtown Minneapolis Condo Inspector Report!

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So you have decided to hire a Downtown Minneapolis condo inspector to examine your potential condo. Smart decision. And you have also gone through the walk-through with him, asking him all the necessary questions, and making your own notes of what should or shouldn’t be replaced or repaired. Now, you’re just waiting for his written report to arrive shortly. And when you get it, now what?

A Downtown Minneapolis condo inspector’s report is a long document that a summary of every observation that he made. It can be intimidating, if not overwhelming, especially if you’re worried about whatever repair costs you might have to consider after the Downtown Minneapolis condo inspector lists them down.

But you don’t need to be alarmed. This is just another reason why you must be present during the inspection. You see, it is one thing to hear about various small problems while you are walking around the property with the Downtown Minneapolis condo inspector. As your Downtown Minneapolis condo inspector gives you all the run-down of what the problem areas are and other safety issues, the real context might probably be modified with reassurances that “this is just a maintenance issue” or “it would be good to fix when you get around to it.” You feel relieved when you hear these words, and you should be, because they are designed to make you feel exactly that way.

However, the situation can be entirely different once you read a long list of problems that would make your condo less like a dream condo and more like a dump. How on earth are you ever going to pay for all this?

Relax. Don’t panic. After you read your Downtown Minneapolis condo inspector’s report for the first time, take a deep breath and drink if you must. Then, sit down and read it again, this time with a pen and paper at hand.

Okay, now take it one step at a time. Look at each “problem” item on the Downtown Minneapolis condo inspector’s report first, then ask yourself the following questions:

Is this a minor maintenance problem or a major repair?
Is this an issue related to the age of the condo? Because if it is, then it might just be part of the “charm” of the condo, especially if your condo is an old one. You might include floors that slope a bit from settlement or door and windows that are slightly out of plumb on the list of your condo’s old charm.
Is this a problem that must be dealt with immediately? Or is it just something that should be done eventually?
Give what you know about condo prices in your locality, might this problem have already been taken into consideration in pricing the condo?
Does this problem merit further investigation?
Are you wiling to walk away from the condo because of any or all of these problems?

If you find any minor items in your Downtown Minneapolis condo inspector’s report, suck it up and forget about it. You should know by now that no condo is perfect. It is enough that you take care of the really bad ones, or walk away when the cost is just too steep.

There is a lot of free information available to you about buying, selling or investing in Downtown Minneapolis Condos. For complete information about the Downtown Minneapolis Condo market including current Minneapolis condos for sale, values, and more please visit the most complete website online dedicated to everything Downtown Minneapolis Condos at www.LivingInDowntownMinneapolis.com. Contact me, Mike Weiland with Edina Realty with any of your condo or mortgage related questions today. Call 612-735-6834 or email mike@mikeweiland.com.

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