According to an HSH.com survey of 2,000 homeowners, nearly 80 percent of homebuyers have at least one major regret about their new home. Here are a few tips to avoid being one of them.
1. Keep your focus
When you began house hunting, you likely drafted a “wants/needs” list, prioritizing the “must-have” features and noting the “would like to have” features. Don’t let “want” features distract you from your main objectives. Your agent can help you stick to your list.
2. Triple check your math
Unexpected costs can trigger buyer’s remorse. When you calculate how much home you can afford, make sure your agent or financial pro reviews the costs for things like yard care and homeowner’s insurance. A home inspection will give you an idea of what type of repairs you can expect so you can budget for those as well.
3. Resist the drama
Don’t get sucked into a bidding war and lose perspective. Your agent can help you stay objective and remind you that you’re trying to buy the right home, not win an auction. You don’t want your competitive streak to leave you saddled with a home that isn’t quite what you were looking for.
Your home is one of the biggest investments you’ll make in your life so, of course, house hunting can be an emotional rollercoaster. Working with an experienced agent can help you cope with the twists and turns.