Birth of a Condominium Corporation: Perils

The article highlights the challenges faced by new condominium owners due to issues arising from the rapid construction of buildings with little foresight into long-term ownership. Developers often prioritize quick turnover, resulting in poorly completed buildings with extensive problems that require costly repairs. The gap between Developer turnover and the new owners' involvement in the condominium corporation leaves them ill-equipped to handle growing pains and address building issues. To improve the situation, the article suggests involving outside consultants to conduct technical audits and identify building conditions, potential costs, and best practices. Some Developers cut ties after turnover, leaving owners with significant expenses and legal battles. To address these issues, consultants advocate for third-party quality assurance during construction to ensure high standards and long-term investments in the buildings.