Looking to buy or sell a condo unit? Get to know your building’s structural inspection reports

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. 31. Both must be delivered to [...]