Your new house really starts to feel like a home when the walls are finished. The only things left to do are install all cabinets, appliances, flooring, lighting, and plumbing fixtures. These tend to go in fairly quickly, meaning you are at most one month away from closing.
At this time, or a month before, the mortgage company will be contacting you about locking in your interest rate. Some will even let you float it down once before you close, just in case rates go down. Our initial rate went down 1/8 of a point, so we floated down to the new rate.
The initial walk-through could be two weeks out from closing. At this time you will want to walk through the home with a fine-toothed comb. And when I mean fine-tooth, I mean microscopic. Yes, it could take you three hours to do, but don't even let the tiniest nick pass you by. This is after all, YOUR new home. Here are a few things to look for:
- open all cabinet doors making sure they are not warped, cracked, broken, hung wrong, etc
- make sure the wall paint is not showing through any of the primer
- look for nicks in the walls, broken light fixtures, etc
- open every window and make sure they work properly and latch securely
Don't be afraid to ask for an item to be fixed. The builder should want you to be completely satisfied and not have a problem fulfilling your request. On our home, for example, they had installed the exterior door hardware a month before closing. So every contractor had used these to gain access, and thus worn the finish off the handles. We asked these to be replaced, and the builder said ok.
Right before closing, you will have a final walk through to make sure all items have been fixed, and also learn how all your mechanical systems work. It is time consuming, but you won't care once you call it your own!
Read previous posts from the series below:
Part 6, Finally, Construction!
Part 5, Digging the Foundation
Part 4, Staking the Lot
Part 3, Shopping Day
Part 1, Picking the Builder
**If you want to learn more about the luxury side of real estate in Minneapolis, check out my other blog.