10 Ways Not to Buy Buyer’s Remorse

Impulse buys often result in buyer’s remorse. You may not associate a home purchase with this money mistake but too many people “fall in love” with a home without really considering all the little things that will make a big difference. The elation of a home purchase can quickly turn sour if you rush into the transaction and you certainly don’t want to compromise your life and your finances with a home that does not live up to your expectations.

It’s easy to miss details when you’re buying a home because there’s so much to do. Shopping for a mortgage, searching for homes, walking through door after door, and weighing the pros and cons of each can take so much time, you don’t stop to think about this and that; and, once you’ve bought a home, you’ll no doubt be confronted by this and that.

Start Your House Hunt with an Experienced Partner

Aside from shopping for the right mortgage, you need to partner with an experienced real estate professional. You’ll have someone on your side with your best interest in-mind and a person that knows firsthand the ins-and-outs of buying a home.

“No house is perfect. No matter how hard you look or how many homes your real-estate agent shows you, getting everything you want when buying a home — and getting it in perfect condition — is impossible.” –MSN Real Estate

You’ll likewise have someone that can easily find homes that fit your checklist. What’s more, you won’t waste your time on listings that are bait-and-switch marketing. Last but not least, you’ll have someone without an emotion stake and that means pragmatic advice.

Look Out for these 10 Ways to Avoid Buying Buyer’s Remorse

You certain do not want to buy a home that comes with buyer’s remorse and if you look out for these ten things, you’ll make a smart choice:

  1. What’s the resale value? Unless you plan to stay in the home forever, this is a big consideration. Think past today and about tomorrow, when it’s time to sell. Return on investment will make a huge difference in your future.
  2. How big is the home? You probably have an idea of the size you’d like but again, that’s today. If you’re going to have children or possibly parents to care for, you might need a bit more room.
  3. What are the bathrooms like? Most people are fine with two bathrooms, but put function over style. Two showers with no bathtub will present a problem, especially if you’re going to start a family.
  4. What are the bedrooms like? Size and layout will make a huge difference when you’re moving your furniture in and here yet again, children come into play. Does it have enough room for an infant.
  5. How’s the commute? We aren’t just talking distance, it’s the time that’s going to be most important. Be sure to check out the traffic flow during commute times.
  6. Can you change the cosmetics? You can easily change the paint on the walls, but if it has something like brick or paneling, it won’t be a simple or inexpensive project.
  7. What size is the yard? People buy a home rather than a condo or townhouse because they want outdoor space. Consider the yard size and whether or not it fits your plans.
  8. Is there a pool? Some buyers avoid homes with pools because they don’t want to pay for the maintenance. If you want a home with a pool, learn as much about it as you can because repairs don’t come cheap.
  9. How do things work? Do the cabinets actually open all the way? What about the freezer and refrigerator door? Can more than one person being cooking at the same time? Pay attention to details because they’ll matter later on.
  10. What’s the neighborhood like? You can change your home but you can’t change the neighborhood. Ask your buyer’s agent if there any plans for future construction and about past changes.