Inspection and home warranty

Profile picture for mefongfong
I am buying a condo in a high rise building (built in 2006) in the city downtown area.  The unit has been a model unit, brand new, no one had lived in it yet. Is home inspection and home warranty a necessary. As you know these will be my cost. Should I save those money since the unit is new.
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June 26 2010
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Answers (4)

Profile picture for Erich Young
I just saw a townhome complex built in 2002 being completely torn apart...windows and stucco siding getting replaced.

Never skimp on due dilligence.
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August 22 2010
Profile picture for real estate mike
ALWAYS get a home inspection! Builders subcontract and sometimes subcontractors get paid slowly, not what they expected or not at all. Quess what happens to the quality of work? You're expecting brand new, everything works, but you want to skip the inspection? That is not logical. Also what if corners were cut; would you want to know? Just because something is built to code(or accidentally passes) doesn't make it what you expect. Find out for sure..it's only a few hundred bucks for peace of mind. best of luck 
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June 28 2010
Profile picture for ABBAUSA
I believe the home warranty can be a good investment and you must keep it active. (yearly renew)

I was talking with a very active Realtor© at his home and I noticed he had 3 outside condensing units. I told him I had a very good A/C man working for me now, he turned and said......" I have a home warranty on it all"

I believe he knows what he is doing and so I suggest a home warranty for both the short term and the long term. If not set a savings account aside for future a/c repairs. Plumbing might be #1, but A/C is definitely the highest expense you will see.

Good Luck!

James Callas - Realtor®
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June 28 2010
Profile picture for MikeEmery
A home warranty for a condo will cover appliance repair, the repair of faucets and toilets (plumbing is number 1 repair under warranty) and if you have a hot water heater or heating and a/c as part of your unit (as opposed to a central heating and cooling plant and hot water elsewhere) this would be covered too - although you should check the warranty itself as they vary. If you need warranty repair, some warranties require that you pay the first $100 of every repair.

My guess is if the appliances have been part of the model for three years they will no longer be under manufacturers warranty. But most likely the only appliance that has been used was the refrigerator.

Personally, I would probably skip the warranty and home inspection - but only because the unit has not been occupied and it's a new building. You can also ask the agent what warranties are guaranteed by the builder as it's a new building - and whether the builder will be around to cover those warranties.
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June 27 2010
 

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