The purchase of a home is one of the biggest investments in a person’s life. Condominium living is an especially attractive form of home ownership, where maintenance and repair of common property, including roofs, exterior walls, exterior cladding, lawns and streets, are routinely performed by an association. Most buyers who purchase condominium units at a premium are attracted to the allure of “new construction” but may not realize the costly problems hidden behind the walls.
Homeowners have no way of discovering the nature and extent of latent defects in construction until an association hires a professional engineering firm to conduct a preliminary investigation of the property. Prior to transition (the point in time when the developer transfers control of the board of trustees to the unit owners), the association is run by the developer, who has no intention or incentive to perform the duties of homeowner-controlled boards (i.e., hire forensic engineers, discover construction defects, bring suit, etc.).
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