Did you know that 80% of homebuyers have at least one regrets with their home purchase? That’s according to a recent survey involving 2,000 homebuyers.
One of the most common regrets buyers rant about is the size of the house particularly that it isn’t big enough. Other buyers complained about the number of bathrooms in the house and some point out the lack of ample closet space. Beyond the house, the location is another matter of dissatisfaction. Some say that the neighborhood is not good enough and the nearby schools are also substandard.
The list of regrets goes on. Fortunately, most of these complaints can be avoided. Though some factors cannot be anticipated, there are conditions that you can ensure before finalizing your home purchase. Below are some of the things you can do to avoid joining the growing number of homebuyers with regrets.
Stick with your requirements
If you want three bathrooms and a closet space that’s big enough then stick with that until the end. Never settle if these requirements are something that you consider very important. Keep shopping until you find the perfect house.
Don’t get pressured
There is such a thing as buyer’s instinct. If you feel like that the house you are looking at doesn’t feel right or if you feel like you’re not going to be happy with it then don’t buy it even if your partner or spouse pressures you to go ahead and close the deal. If you do give in, you may have a house but there is going to be some kind of resentment that can bubble up later on.
Know the negotiable factors
There are non-negotiable factors and there are also those that you can be more flexible with. Know which ones belong to which category so it’ll be easier to shop around for the perfect home.
Don’t let your emotion get in the way
Another biggest source of regret for many homebuyers is paying more than what the house is worth. This happens a lot when you get into a bidding war. The process of beating others for the house that you want is fun and exciting. But while doing so, make sure that you also have your emotion under control.