Higher price does not reduce the need for due diligence. Premium properties may involve complex systems, customized contracts, substantial recurring costs and a more specialized resale market.
Legal review
Independent counsel should review title, ownership authority, liens, contracts, permits, condominium documents and any restrictions affecting use or transfer.
Technical review
A qualified inspector or engineer can evaluate structure, moisture, envelope, equipment and deferred maintenance. Tailor the scope to the property type and age.
Operational review
Examine budgets, reserves, staffing, service contracts, insurance and planned capital projects. Premium amenities require sustainable administration.
Market review
Compare genuinely similar properties and distinguish unique features from seller-specific upgrades that the broader market may not fully value.