The final walk-through of your new home is one of the last steps you will have to complete before you are handed over the keys to your dream house.
The final walk-through allows you and your homebuilder to discuss any final questions, as well as provides you with an opportunity to spot items that may need adjustments or corrections.
A new home will have brand new appliances, which means you have to figure out how everything works. There will be a lot to learn with the cooling and heating systems, water heaters and other units, but a final walk-through gives you an opportunity to talk with the homebuilder to gain additional insight on how these units function. You may not have time to read all the instruction manuals for every appliance before you first move in, so it can be very helpful to witness a first-hand demonstration on how the appliances operate.
Maintenance Responsibilities vs. Warranties
There are generally few issues when you work with a quality homebuilder, but most new homes will still offer a one-year warranty on certain materials and workmanship details. The warranties may not cover issues where the homeowner did not practice their maintenance responsibilities for the home, however, so take the time to learn what you need to do in order to keep your house in pristine condition. You may receive a booklet highlighting the maintenance responsibilities required by the new homeowners, but a final walk-through is the perfect time to get more in-depth with the entire process.
It’s important to bring an inspection checklist to your final walk-through. Identify any issues that the homebuilder still needs to take care of, and agree upon a reasonable timetable when those repairs need to be made. If you don’t have a checklist, you may forget about certain issues or not be fully prepared to identify unfinished problems. This is normally your last chance to view the home before the purchase, so don’t feel bad if you are nitpicky. Don’t be afraid to ask questions if you don’t understand something or have a concern.
Real Estate Settlement Services from Colony Title Associates
Colony Title has been in business since 1995 and handles more than 2,000 real estate closings per year. If you have any questions or would like to speak to a representative about closing, please give us a call at 410-884-1160 or visit our website for more information.