A structured document used during the final walkthrough of a newly constructed or purchased residence. This tool facilitates a systematic review of the property’s features, systems, and finishes. It commonly includes sections to document the condition of walls, flooring, appliances, mechanical systems, and exterior elements. The checklist is typically completed by the builder or seller, and the buyer, allowing for joint verification and documentation of any existing defects or outstanding issues.
The use of such documentation offers multiple advantages. It serves as a record of the property’s condition at the time of possession, protecting both the buyer and seller from future disputes regarding pre-existing damages. Furthermore, it ensures that the buyer is adequately informed about the operation and maintenance of the home’s various systems, contributing to its long-term upkeep and reducing the likelihood of preventable issues. While the specific content can vary based on location, property type, and builder practices, the general concept of a structured verification process has been a cornerstone of real estate transactions for many years.
