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.
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.
Spring is a good time to assess how your property weathered the winter and to make a “to-do” list to prevent property maintenance and liability issues.