House hunting regrets + MORE Oct 26th

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House hunting regrets

– moneysense.ca

Ready to buy your new home? Got a list? Or do you know someone who is about to embark on their own house hunting expedition? If so, you’ll probably be surprised to learn that 80% of first-time homebuyers would actually opt for a do-over (if they had the chance).
According to a survey by U.S. mortgage resource site, HSH.com, the majority of home buyers have at least one major regret about their new home. (Only 20% were thoroughly happy with their home purchase and have no regrets.)
Among the most common regrets:
→ 25%of homebuyers wished they had researched their new neighbourhood or neighbours
→ 22% wished they’d researched home insurance costs
→ More than 20% wished they’d researched property taxes
→ 16% said their home was too small
→ 14% wished they’d researched local schools
→ 9% said their home didn’t have enough storage or closet space
→ 3% said their home was too big
Other gripes included: not being happy with neighbours or the school system or feeling their home had too few bathrooms, too-small a yard, or not enough natural light…

Continue Reading On moneysense.ca »

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