Final House Flipping Checklist for Investors

Purchasing a real estate asset can be a truly exhausting ordeal, so fix & flippers can benefit from creating a standardized house flipping checklist.

Much of the buying process can prove to take a lot of time because investors and sellers haggle over price, repairs, and other points of contention before closing. 

However, after all the time and energy spent on finalizing these details, it can be understandably tempting for inexperienced flippers to try and wrap up the closing process as fast as possible—even if it means cutting a few corners along the way.

Unfortunately, doing so could end up costing you significantly down the road. Importantly, that’s why you should do a proper inspection of the property with a house flipping checklist before signing on the dotted line of the purchase agreement. 

Luckily, Express Capital Financial has years of experience providing insight and advice to real estate investors. Consequently, we’ve assisted countless individuals in completing property walk-throughs and have compiled the following checklist to help you get the most out of yours. 

Additionally, you can also peruse RentRedi for other rental inspection checklists if you decide to rent out your flip!

Inspections are an Essential Process

Following the completion of all agreed-upon repairs, the buyer is given the opportunity to conduct a final inspection with a house flipping checklist of the property.

Accordingly, this enables them to confirm that the seller has fulfilled all their contractual obligations and that the work is up to par. Now, keep in mind that this is not the time to propose any additional repairs or terms. The goal is to validate that the property mirrors what you initially agreed to purchase. Critically, it is important to not rush the walk-through. 

Performing your due diligence proactively now will save you loads of time and money in the long run. Essentially, the final walk-through is your last chance—prior to taking official ownership of your investment property—to ensure that: 

  • All requested repairs are satisfactorily completed
  • No new repair or maintenance concerns have arisen since the inspection 
  • All fixtures and furniture detailed in the contract are still present
  • All systems and appliances are fully functional 

What to Bring

Importantly, make sure you have the following items when you show up for the final walk-through: 

  • The original purchase agreement, indicating the terms that both parties agreed to
  • The inspection report summarizing needed repairs
  • Any additional written agreements between yourself and the seller
  • A notebook to record notes
  • Camera or phone to document any issues
  • A plug-in cord to check outlets are functioning

Final Walk-House Flipping Checklist

Here’s a handy checklist to help make sure you cover all the major areas of the property during your walk-through and help you track estimated renovation costs for the project:  

Walls & Floors

FEATUREREPAIR NEEDEDQUANTITYCOST
Window Panes & Screens


Window Latches


Doors & Locks


Trim


Walls & Paint


Flooring


Bathroom 

FEATUREREPAIR NEEDEDQUANTITYCOST
Toilets


Faucets


Sinks


Tub & Shower


Mold & Water Damage


Plumbing


Fan


Kitchen

FEATUREREPAIR NEEDEDQUANTITYCOST
Oven & Stovetop


Refrigerator 


Dishwasher


Microwave


Garbage Disposal


Sink


Mold Damage


Cabinets


Countertops 


Electrical & HVAC

FEATUREREPAIR NEEDEDQUANTITYCOST
Wiring 


Light Switches


Outlets


Ceiling Fans


Circuit Breaker


Doorbell


Security System


Garage Door


HVAC


Exterior

FEATUREREPAIR NEEDEDQUANTITYCOST
Siding 


Deck


Landscaping


Driveway


Irrigation


Fencing


Downspouts


Roof


Foundation 


Laundry & Storage

FEATUREREPAIR NEEDEDQUANTITYCOST
Washer & Dryer


Utility Sink


Heating Ducts


Support Beams


Attic


Crawl Space


Miscellaneous 

Why house is being sold?
Local Crime Rate?
Time on market? 
Competing Offers? 

Ready to start your real estate investment journey? 

Express Capital Financing offers efficient and accessible ground-up construction loans geared towards real estate investors looking to optimize their business. We have the experience and resources to get you the money you need when you need it.

Contact us today to learn how we can assist you in upping your investment game! 

RentRedi Partners

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Easy, Affordable Insurance Solutions for Rental Property Owners

Steadily provides fast and convenient online quote estimates in minutes and connects with licensed landlord insurance experts. Get competitive rate options for many types of rental properties, which helps landlords access affordable coverage in 50 markets nationwide. Learn more.

Market Analysis Has Never Been Easier & More Affordable

BrightInvestor helps you find the best real estate markets, get MLS access, source off-market deals all in one place. Learn more.

Struggling To Find Good Landlord Insurance?

Honeycomb provides better coverage and clarity at a fraction of the cost. Get Property & Casualty insurance for landlords, PMs, & owners. Insurance reinvented! Learn more.

Protect Your Property—Without Increasing Operating Expenses

TheGuarantors provides two types of coverage in one simple solution: rent and deposit coverage which protects you from rent defaults, vacancies, lease breaks, damages, and more. Eliminate the need for co-signers and guarantors. TheGuarantors platform is free for landlords and affordable for renters! Learn more.

Easy, Affordable Insurance Solutions for Rental Property Owners

Steadily provides fast and convenient online quote estimates in minutes and connects with licensed landlord insurance experts. Learn more.

Market Analysis Has Never Been Easier & More Affordable

BrightInvestor helps you find the best real estate markets, get MLS access, source off-market deals all in one place. Learn more.

Struggling To Find Good Landlord Insurance?

Honeycomb provides better coverage and clarity at a fraction of the cost. Get Property & Casualty insurance for landlords. Learn more.

Protect Your Property—Without Increasing Operating Expenses

TheGuarantors provides rent and deposit coverage in one simple solution that protects you from rent defaults, lease breaks, and more. Learn more.