There are too many people who buy a house and later regret it. They may have rushed into the decision, or even been very careful about it, but in the end they were displeased. Then there are others who buy a house and love everything about it. What is the difference? Here are some reasons why people are displeased with their home.
1. They Didn't Research The Neighborhood
One of the biggest mistakes you can make when buying a house is not researching the neighborhood well enough. Everyone has a neighborhood that is ideal for them. If you have a young family you probably want other children, and a safe, family oriented neighborhood. If you are a bachelor, you probably don't want a neighborhood where there are children running through the streets and making lots of noise. The important thing is to research the neighborhood before you buy. You should visit the potential single family home on a Saturday, go to a school function, a church service, talk to other neighbors while they are outside, or even knock on their door. This may seem like overkill, but it will help you to be more pleased with your purchase.
2. They Didn't Do Their Due Diligence
Once you find the house that you love you might be tempted to skip the part where you do all the research about it. You love the house, so you want it to work. But during that time between the offer and closing, you need to make sure that you are doing everything you can to learn about the house. Have an independent appraiser come, get an inspection, and don't overlook problems. Don't assume that a plumbing problem will be simple. Once you get into the house, you will be responsible for all of the upkeep, so it is important that you know what you are getting into.
3. They Didn't Stick To Their Budget
Lastly, people who don't stick to their budget and buy more house than what they thought they could afford rarely makes them happy. Being house poor and having all of your money go into keeping up a house can make you feel overstretched and frustrated. This is why it is better to choose the right budget for you before you look for a house, and stick to it. Don't become emotional about a house and don't assume that your financial situation will get better after you buy the house.Share
3 October 2017
Although I've never worked professionally in the real estate business, I sure know my way around it. How, do you ask? Well, I have simply rented a lot of different places and worked with a lot of different landlords and real estate agents. In the past 7 years I've lived in 11 different houses or apartments, none of them my own. In finding those 11, I have looked at literally hundreds of apartments. I used to hate house hunting, but now it's kind of fun. You just need to know what you want and the right questions to ask. Hopefully this blog can help you learn some of the tricks of the trade from another renter like yourself.