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Pre-settlement inspection checklist


Your pre-settlement inspection checklist

You’ve bought a home (congrats!) and it’s time to do the final inspection before settlement day. It’s your last chance to flag any issues, so here’s 8 things to consider when doing your final walk-through.

1. Take a friend

Before heading to your final home inspection, make sure you’ve got some company. If you can, take a real estate agent who should know the lay of the land. Otherwise, a partner or friend could be a second pair of eyes to go over your soon-to-be home.

2. Check everything’s in working order

While you’re walking around, make sure the appliances, taps and powerpoints are working and flush the toilets. If something isn’t up to scratch, ask your solicitor or conveyancer to reach out to the seller who might offer to fix it.

3. Look for any damage

You probably scanned for major problems at the open home, but that could be weeks (or even months!) ago. Look for any new damage that wasn’t there when you last saw the property. If you see something like a broken window or hole in the wall, you might be able to get this repaired too.

4. Is it clean and tidy?

No one wants to move into a messy home, so search for any piles of rubbish or green waste that haven’t been cleared. And if you see furniture lying around, ask the agent to check if it’s being taken away.

5. What is and isn’t included

When you signed on the dotted line, your contract of sale would’ve said what’s staying and going. Things like the oven, dishwasher and curtains are usually left behind, but sometimes the seller takes stuff with them. When doing the final inspection, bring your contract and tick off the inclusions.

6. Pay attention to the nitty-gritty

Depending on which state you live in, the final property inspection before settlement isn’t always guaranteed. For example, in VIC you can inspect a home during the week before settlement. But in SA, you’ll need to make sure it’s written in the contract or it might not happen.

7. When to do the pre-settlement inspection

Most people do their final inspection the week before settlement. The earlier you do it, the more time you’ve got to get things fixed. But, doing the inspection closer to settlement means you could spot damage from the last few days. Plus, at this point the home might be empty making it easier to see any flaws.

8. Finding solutions

Once you’ve chatted with your solicitor or conveyancer about any issues, they’ll work with the seller to (hopefully) find a solution you’re both happy with. It could mean having the problem fixed or the sale price lowered.

At your final inspection, take a checklist to help you look over the property like a pro. Once you know the home is in tip-top shape, get ready to celebrate because it’ll be yours in no time.

The information contained in this article is of a general nature only. It doesn’t take account of any person’s objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate for your circumstances and seek independent legal, financial, and taxation advice.