With condominium sales on the rise, it's important to understand the concept of kitec plumbing and its effect on the condominium owner! Whenever a condominium displays (through a status certificate for example) that the unit contains kitec plumbing, you should take that information as a red flag. Here are some reasons why:
1. Kitec is a brand of plastic piping used in hot and cold water supplies to plumbing fixtures. This piping was made from 1995 to 2007. The pipes are usually colored blue to specify cold water pipes and orange to specify hot water pipes. Although there's a notion that Kitec plumbing weakens over time resulting in leaks and water damages, there actually have been few reported failures over the years. However, the perception is still prevalent that Kitec plumbing is a problem that needs to be addressed.
2. There is always the question of whether Kitec plumbing will affect the value of a condominium unit. Although you cannot give an exact number, a good guideline to follow is $5000 for a one bedroom, $10,000 for two bedrooms and up to $15,000 for a three bedroom condo. In addition to that, it is good to know whether there is Kitec plumbing in the coomon elements and whether they need replacing. In most cases, it may only be in bathrooms or kitchens in party rooms or similar common areas of the building.
3. If a condo contains Kitec plumbing, this should be addressed and disclosed as it is a material fact! In addition, every buyer should disclose this to their lender, as it could impact the buyers ability to successfully obtain a mortgage.
4. Condominium corporations, alothough not required, by law, to disclose Kitec plubming, should be disclosing such information to their insurer, as it may impact any coverage the building has for flooding!
In order to protect yourself, it is advisable to have in the agreement a clause that the seller represents and warrants that the unit does not contain any kitec plumbing to the best of their knowledge. It is also advisable to have the condominium unit inspected to be extra sure that Kitec plumbing is not within your unit of purchase. A home inspector should be able to tell if the unit has Kitec plumbing by looking under the sinks in the kitchens and washrooms.
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