You’ve found your dream home, navigated the offer process, and closing day is just around the corner. But before you sign the contract, there’s one crucial step remaining: the final walkthrough. A thorough final walkthrough is vital to ensure your new home is everything you dreamed of and more.
This simple step can help you find hidden defects, reveal red flags, and protect your investment from costly surprises. To help you navigate this critical stage, let’s delve into the secrets first-time homebuyers often miss during the final walkthrough.
#1: The Final Walkthrough Checklist
Exterior: Inspect the roof, siding, gutters, windows, doors, and landscaping.
Interior: Check for cracks in walls and ceilings, scratches, loose tiles, faulty fixtures, and proper operation of appliances.
Systems: Test heating and cooling systems, plumbing, electrical outlets, and smoke detectors.
Documentation: Compare the condition of the home to the seller’s disclosure and ensure all agreed-upon repairs have been completed.
#2: Look for Hidden Defects
Moisture damage: Stains on walls, ceilings, or floors, peeling paint, or musty smells.
Structural issues: Cracks in foundations, uneven floors, sagging ceilings, or misaligned doors and windows.
Electrical problems: Flickering lights, hot outlets, or missing light switches.
Plumbing leaks: Stains around pipes, water damage under sinks, or low water pressure.
#3: Red Flags
Uncompleted repairs: Agreed-upon repairs not completed or done poorly.
Uncleanliness: Excessive dirt, debris, or evidence of pests.
Last-minute changes: Unexpected changes to the property or its condition.
Seller pressure: Feeling rushed or pressured to close quickly.
#4: Negotiation
If you find issues during the final walkthrough, don’t despair. You have the power to negotiate:
Repairs: Request the seller to fix the problems before closing.
Credits: Negotiate for closing cost credits to cover the cost of repairs.
By understanding these tips and taking the necessary precautions, you can ensure a smooth and successful final walkthrough. Remember, a thorough inspection now can save you from costly headaches later. So, take your time, be meticulous, and don’t be afraid to ask questions. With careful preparation and informed decision-making, you can finally turn the key to your dream home and embrace the joys of homeownership.
