First-Time Homebuyers Biggest Regrets06/12/2018 It’s important to learn from our mistakes – but it’s even better when you can avoid a mistake all together by learning from someone else’s mistakes. Before you take the plunge and make one of the biggest purchases of your life – check out these top things that first-time homebuyers regret about their decision. You might find some surprising. Not Buying For Your Future. Most of us don’t own a crystal ball, but when buying a home – I think we all wish we did. Even though a home might be perfect for our situation right now, it might not be able to accommodate a changing family. Life happens…so as hard as it might be to predict the future, it’s important to think about it. For instance, most first time homebuyers don’t know how life will change when they have kids. One of the biggest regrets is not having enough space and storage, so keep that in mind when looking for a home. You might think the house is perfect for your current situation, but try picturing how it will change if you have kids. Best advice: Ask your friends and family -- who are further down the road in their lives –what they enjoy most about their homes and how much space they require for their family. Down Payment Regrets In a Zillow survey, 40% of first time home buyers regretted how much they paid or that they didn’t put much down on their home. It’s important for first-time homebuyers to really consider the pros/cons of purchasing a home without 20% down – although you can absolutely do it – you might want to weigh out the pros and cons of waiting. Best advice: Ask a mortgage counselor to help you crunch the numbers to see how much you could be saving (in the long run) by purchasing a home with 20% down. Location. Twenty-five percent of the first time homebuyers surveyed by Zillow.com said they regretted where they purchased. As the old saying goes the most important investment you can make (when buying a home) is “location, location, location.” Even though you might be sacrificing some of your wish list to be in a more desirable neighborhood, it might be worth the wait in order to have a better location. Best advice: Before you purchase a home, drive by the neighborhood on the weekend and at different times of the day to see how it “feels” – strike up some conversations with the neighbors and ask if they like the area. Now you know what you know what mistakes to avoid -- you might be ready to sell or purchase a new home. Get started today by clicking the button below! Get started now >>
First-Time Homebuyers Biggest Regrets06/12/2018 It’s important to learn from our mistakes – but it’s even better when you can avoid a mistake all together by learning from someone else’s mistakes. Before you take the plunge and make one of the biggest purchases of your life – check out these top things that first-time homebuyers regret about their decision. You might find some surprising. Not Buying For Your Future. Most of us don’t own a crystal ball, but when buying a home – I think we all wish we did. Even though a home might be perfect for our situation right now, it might not be able to accommodate a changing family. Life happens…so as hard as it might be to predict the future, it’s important to think about it. For instance, most first time homebuyers don’t know how life will change when they have kids. One of the biggest regrets is not having enough space and storage, so keep that in mind when looking for a home. You might think the house is perfect for your current situation, but try picturing how it will change if you have kids. Best advice: Ask your friends and family -- who are further down the road in their lives –what they enjoy most about their homes and how much space they require for their family. Down Payment Regrets In a Zillow survey, 40% of first time home buyers regretted how much they paid or that they didn’t put much down on their home. It’s important for first-time homebuyers to really consider the pros/cons of purchasing a home without 20% down – although you can absolutely do it – you might want to weigh out the pros and cons of waiting. Best advice: Ask a mortgage counselor to help you crunch the numbers to see how much you could be saving (in the long run) by purchasing a home with 20% down. Location. Twenty-five percent of the first time homebuyers surveyed by Zillow.com said they regretted where they purchased. As the old saying goes the most important investment you can make (when buying a home) is “location, location, location.” Even though you might be sacrificing some of your wish list to be in a more desirable neighborhood, it might be worth the wait in order to have a better location. Best advice: Before you purchase a home, drive by the neighborhood on the weekend and at different times of the day to see how it “feels” – strike up some conversations with the neighbors and ask if they like the area. Now you know what you know what mistakes to avoid -- you might be ready to sell or purchase a new home. Get started today by clicking the button below! Get started now >>