You have probably envisioned what your next dream home looks like—maybe you’re hoping for features such as a huge backyard, five bedrooms and three stories. While it is important to have the home features you want, homebuyers should also keep a few items in mind to avoid homebuyer’s remorse or making your home difficult to sell down the road:
1. The beautiful three-story home
Many beautiful old homes feature three stories—two upper floors and a basement. When it comes time to sell, your multi-story home might offer its own unique challenges—especially if it doesn’t have the master bedroom or laundry on the first floor. A lot of buyers won’t even look at a home with these rooms on a level other than the main floor, and the staircase alone might be a problem for some buyers who might be older.
2. The in-ground, backyard pool
While in some warmer states pools are a must-have, they can actually turn out to be a bigger burden in milder, cooler climates. Pools are a major expense—regular monthly maintenance, cleaning pools and in seasonal areas they are often opened and closed by a professional. While the seasonal background pool parties may seem fun, make sure you can comfortably afford the upkeep.
3. The extra rooms
You’ve probably heard the phrase, “Go big or go home.” But before you purchase the largest home on the block, consider which rooms you will actually use once you move in. If you end up buying a home that is bigger than you need, you may end up regretting it when it comes time to cool, heat and clean your home.
4. The trendy home
Be wary of buying that trendy home with the subway tile kitchen, Edison bulb fixtures and farmhouse sinks. Remember, not all home features and designs are timeless—such as shag carpeting and lime green appliances from the ‘70s. If you buy a house just for its trendy look, you may end up regretting it when the styles change and you have to sell the outdated design. When looking for a home, search for timeless features.
5. Stick to your core requirements
If having three bathrooms is important to you, but a home your strongly considering only has two, it is okay to keep shopping. Don’t let yourself fall in love with a home that doesn’t match your needs. Regret may not set in immediately but when it does, the fix, like adding a bathroom, might cost you plenty.
6. Overlooking the flaws
Once a potential homebuyer makes the decision to purchase a home, they sometimes overlook major issues. If the inspector finds major damage to the foundation of the home or the appraisal comes in much lower than the sale price, homebuyers should not overlook these details. Consider pulling out of the deal to continue looking or get the seller to lower the price to reflect the cost of the repairs.
7. Ignoring the home location
“Location, Location, Location” is a critical factor when buying a home in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not. If you have found the perfect home, be sure to consider proximity to highways, parks, schools, railroad tracks and other homes around the neighborhood.
Hoping to avoid buyer’s remorse when finding a new home? Fazendin Realtors wants to help you find the perfect home that is the right for you and your family—we’re on your team.