Before a new home settlement is complete, a final home inspection will be held to go over any last minute details or issues that may have been missed.
This walkthrough allows both you and the inspector to discover anything that may be wrong with the home that can be used as leverage in pricing and changes before any paperwork is signed.
During this time an inspector will discuss how the home operates, maintenance and upkeep responsibilities, warranty coverage and protections as well as the overall location of the home.
If a home is being built brand new, the inspection process is even more important. Although new homes have nearby builders, disputes can arise if inspections are not carefully done. If something is missed, such as a nail hanging out of a board or a hole in a wall, builders may think you did the damage, as there is no way to prove when it occurred.
In addition, many builders require owners to sign paperwork stating that everything has been inspected and agreed on by both parties. During this time, ensure each of the five following home components are completely in working order:
- Attic and basement: Make sure the extremities of your home are well crafted. If there is any indication of water leaks, damage or significant cracking, don't sign off on any paperwork.
- Electricity: Be sure all wires are inspected, outlets are grounded and anything amiss is checked out. Leave an electrical investigation, though, to a professional.
- Flooring: Make sure there are no missing seams or ridges in flooring. Ensure wood floors are properly finished and rugs are tight to the floor.
- Foundation: Look out for sloping, water damage and large visible cracks. If a foundation is bowing, it may not be safe to proceed with the sale.
- Roofing: Are the shingles flat and tight? If it rained would the gutters protect your home?