You’ve found the perfect real estate deal to invest in, planned out the necessary repairs, and picked the right contractor to get those done. Everything has gone as planned and you’re ready to sell the house, collect the profit, and find the next deal.
Sounds ideal, right? Before you sell, though, there’s one important step that has to be completed: the final walkthrough. Below are some of the more important items to consider during this process.
Always Remember These Points During a Final Walkthrough
First and foremost make sure you have the scope of work and all change orders from the projects with you when checking over everything. These will serve as guides of sort so you can ensure that all repairs were completed...and completed correctly. In addition to that, here are a few other key areas you need to look at:
- Plumbing and electronics - In our most recent blog post, we discussed the common real estate surprises that you should avoid in order to keep your profits high, and one of those was checking the plumbing and electrical work. The same should be done during the final walkthrough. You need to make sure that you check anything that can be turned on, including all switches, appliances, fans, etc. When it comes to plumbing, check all faucets and pipes for possible leaks and it’s a good idea to run the water the entire time you’re going through the house.
- Flooring - Along with walls and ceiling, the flooring throughout the house is something that is in every room. Therefore, it’s important to check on the quality of what has been installed or what’s still there. Is there loose carpet, wobbly floorboards, or loose tiles? Now is the time to pay close attention to the floors to ensure everything looks good and won’t need replaced.
- Cracks - If work done to the walls and ceilings was done poorly, cracks will probably start popping up quite quickly. For all drywall repair work that was completed, check to make sure that it was done correctly and is of high quality. If there’s uneven paint or shoddy repair work on the walls and ceilings, you should take note and get those fixed as soon as possible.
The final walkthrough is not something that should be done quickly. You need to perform a thorough inspection of the home to ensure all repair work was done correctly and is of good quality. And if you see a problem or two, speak up! This is the last chance you have to ensure that the contracted repairs are completed to your satisfaction.