As a condo investor, one of the things you want to make sure of is that your investment property is in top-notch condition. Whether you’re planning on renting it out or flipping it to sell somewhere down the road, it’s essential to inspect your condo thoroughly during a turnover to avoid any unforeseen problems that may come up later on.
DMCI Homes is a developer known for its resort-inspired residential communities offering upscale amenities and world-class service. Checking your unit upon turnover allows you to ensure that it meets the high standards of your future tenants and protects your investment.
In this article, we’ll delve into why inspecting your unit is vital and highlight what you should look out for during the inspection process.
Why should you inspect your unit upon turnover?
Thoroughly inspecting your condo upon turnover is a crucial step to ensure the success of your investment. Here are several reasons why you should be meticulous in your condo checks upon turnover:
Identify potential issues
Inspecting your condo unit upon turnover helps you identify problems that may arise later. You can also spot any defects or damages that may have been overlooked. This includes checking the walls, ceilings, doors, windows, electrical and plumbing systems, HVAC system, fixtures, and finishing touches.
Identifying and addressing these issues early can save you time, money, and stress in the long run.
Ensure the condo meets your standards
You want to make sure that your investment property is in excellent condition and can provide a high-quality living experience for any future tenants and/or potential buyers. Check everything to confirm the unit is up to par and that there will be no surprises waiting for you or your tenants down the line.
Protect your condo investment
Inspecting your condo unit protects your investment. By addressing any potential problems and making necessary repairs or improvements, you can maximize your returns and minimize the risk of costly repairs or even loss of tenants.
What you should look out for at your condo’s turnover
A unit turnover marks the beginning of a new chapter for the new owner, and it’s important to take note of the items you need to inspect and check to ensure everything is in working order.
Do a full inspection of your unit
Inspecting your unit means checking every corner, from the walls and ceilings to the floors and fixtures, and spotting any defects, damages, or inconsistencies that may have been missed. Carrying out a comprehensive check will let you find and address issues early on.
Check the fixtures, fittings, and appliances
Ensure that the light fixtures, plumbing fixtures, and even appliances are in good working order and free from defects or damage. If you encounter any problems, it’s best to raise this to the developer to get them resolved.
Verify the unit’s size
Check that the unit’s actual size matches what was specified in the contract or deed of sale. This can help prevent any disputes or issues that may arise down the line.
Check for completeness
Make sure that everything promised has been delivered. Check that all of the amenities and features that were listed in the contract or deed of sale are present and in good working order. This includes parking spaces, storage units, and any appliances or fixtures included in the sale.
Assess your condo’s amenities
During the turnover process, it’s also important to assess the condo’s amenities. This includes things like the pool, gym, and common areas. Ensure everything is in good working order and the amenities are clean and well-maintained to give your future tenants a positive living experience in the condo.
Clarify payment terms
Establish the payment terms of your condo to avoid confusion and ensure a smooth transaction. Payment terms may include the payment schedule of your condo dues, the mode of payment, and any late or missed payment penalties or fees. Before renting out the unit, ensure you understand and are comfortable with the payment terms.
Invest in #PropertyDoneProperly with DMCI Homes
Conducting a thorough turnover of your condo ensures that your investment meets your standards and remains protected. With a reputable developer like DMCI Homes, you can enjoy a stress-free condo journey and know your investment is in good hands.
Ready to get started on your property journey? Reach out to our team of Property Advisors for #PropertyDoneProperly. Contact us here.