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Subject: evidence of shoddy construction or cheap materials
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Author Messages
HaskinsN
(California)

Posts:4


07/05/2010 6:20 PM  
The condo I want to buy is in a complex where over 75% of the units are BMR. I've looked up some old meeting minutes from the city council where there was an owner complaining to the city about the construction work/quality of the builder.

Now, my impression from reading up on condos is that there's a lot of litigation going on. But in this case, I'm wondering - wouldn't you expect less when a complex is built specifically for BMR units? But then why would the city let that happen, you'd think they'd want a BMR program that would last.

I'll schedule another visit to look it over again this week - any suggestions on what I can look for?

DonnaS
(Tennessee)

Posts:5671


07/06/2010 8:43 AM  

Haskins,

DON'T BUY!!!!!! Unless you are a glutton for punishment
SteveM9
(Massachusetts)

Posts:3599


07/06/2010 8:54 AM  
BMR? I'm not familiar with that acronym.
JohnB26


Posts:0


07/06/2010 11:00 AM  
A person who considers purchasing into a HOA is 'A GLUTTEN FOR PUNISHMENT" by definition.
JohnB26


Posts:0


07/06/2010 11:00 AM  
oops -> glutton
DanielH1
(California)

Posts:482


07/07/2010 1:56 PM  
I didn't know BMR but Google informed me that it stands for Below Market Rate.

The city probably fell in love with the construction price and didn't look closely enough at the builder.

If you can afford to live elsewhere, you might look into that. You may have more trouble in a BMR development because neighbors may not take care of the place as much as if they paid full price.

But, if you are still interested, you should hire a pro to inspect the place and give you a report that separates the legitimate, expensive-to-fix defects from easily curable annoyances.

Construction defects are common in all types of homes, even super-expensive ones: they might be easily fixed or impossible, slight annoyances or unbearable. Figure out what you have and then decide it makes sense to buy.
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