Buying an older home can be appealing for many people. Older homes are usually found in established neighborhoods, have an abundance of character and are often one of a kind. However, hidden expenses could accompany all that charm.
Buying a home is the biggest and most valuable purchase most people make. Many factors could draw you to a home: location, price, updated countertops or a large yard. The home inspection offers the buyer a deeper look into how the home has been maintained or whether it needs costly repairs.
You move into a new city and purchase a high-rise condo in one of the nicest parts of town. Shortly thereafter, you notice water leaking from the unit above, causing damage to your property. Sadly, this is a common reality for condo owners; water continues to be one of the top perils in high-rise habitational buildings.
