No Comments

How to Avoid Homebuyer’s Remorse

How to Avoid Homebuyer's Remorse

The magnitude of buying a house and considering all the choices involved in the process can be overwhelming. Avoid homebuyer’s remorse with these tips.

  1. Before you buy, consider these things to avoid homebuyer’s remorse in the future:
    ~The space that you need and want in a home. Think about which rooms you’ll actually use. It may seem like a formal living room is nice to have in theory, but if it’s just another room to clean that you only use once a year, you may want to re-consider. Before you buy, think about the amount of space you can realistically clean, cool, and heat. Also, figure in the size of your furniture and how it will fit into those rooms.
    ~If you can expand that house if you’d want to one day. If that’s even a remote option for the future, then make sure that house’s architecture even makes that possible.
    ~If you will grow tired of stairs (or vice versa). Will you eventually dread carrying your laundry down two flights of stairs to the basement?
    ~If you actually want that kitchen island. Some people physically work best when they’re unimpeded by that barrier in between their two counters.
    ~If there’s anything missing. Did a previous owner take something out that would normally be present? Is the bathroom missing a tub, and would you miss it if it is?
    ~If you’ll really still like that home trend a year or two from now. Don’t buy a house based around its trendy style, since trends come and go.
    ~If you’ll still be happy with that pool in the future. Pools are expensive to maintain, and they’re also time-consuming due to maintenance and cleaning.
  2. If you find a home you’re interested in, ask yourself these things to avoid potential homebuyer’s remorse:
    ~Does it include the most important things on the top of your wish list?
    ~What qualities made the house stand out from the others you looked at?
    ~Did you find other houses that met your needs, or was this one an outlier?
    ~Is it realistic to think you can find a “better” house?
  3. If you go under contract on a house, stop looking at others. You might have found things that are different from yours, but maintain your perspective of why you initially chose yours. Remind yourself of what was special about the house a few days ago, and ask yourself what has really changed about it in that short of a time.

Comments (0)