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Punch List
A punch list is the term used to describe a list of items that need to be fixed in a newly constructed home before the parties attend the closing conference. A few weeks before the closing date, buyers perform a final walk-through of their newly constructed home. During this walk-through, buyers describe any last-minute fixes that they find[,] such as a leaky faucet, missing doorknob or other minor repairs. Typically, all major fixes have already been addressed by the time the final walk-through occurs. The punch list is then given to the contractor or home builder so that they can address all items on the list before the deadline, which is typically the closing date. During the construction of a home, buyers may consider attending frequent walk-throughs onsite because this allows one to discover any errors or mistakes that the contractors may have overlooked.