There have been some great studies recently published about the topic of the top buyer regrets. Usually, most of these regrets center around finances.
Most buyers—after they’re in the house—wish they had more equity and that they put more money down beforehand. That dovetails easily with the other top regret of not saving more money before buying the home. Most buyers put down something like 10% to get into their new home without realizing the ongoing expenses having a home entails.
Interestingly enough, one of the biggest regrets is the home size. Typically, buyers end up feeling the home is either too big or too small.
Your Realtor can help you avoid some of these regrets, and your accountant and/or financial advisor can assist you with the financial aspects, but this topic is good food for thought to help you answer some important questions during the home buying process.
For example, will you have enough money after you make your purchase to maintain your quality of life? Should you instead wait a little bit to save some more money so you have more equity and feel more secure in your investment? What size of home do you really need? Will you have to sell sooner if your family is growing?
If you have any questions about how to avoid these buyer regrets, don’t hesitate to reach out to me. I’d be happy to assist you.