Buyer Lessons - Oro Valley Homes for Sale
Oro Valley Homes for Sale, Oro Valley Real Estate in Oro Valley Arizona AZ. Search Oro Valley Homes and Real Estate, Oro Valley Realtor Ian Taylor
Reasons people feel buyer’s remorse after getting a house
They bought a home that requires too much maintenance:
If I could do it over, I’d buy a cute condo with a small yard. Tending to a house with a big yard is just so much work.
Few things can match the disappointment of finally getting your own yard only to watch the previous owner’s gloriously curated garden devolve into an overgrown, weed-infested tangle due to your own neglect.
Lesson for buyers: Know your physical, psychological and financial limits and what you’re able and willing to take on.
They bought a home that’s too small:
I wish we had given more thought to how we wanted to live in our home. We could have waited until we found one with a large kitchen and dining room. We love to entertain, and it’s hard to do when the kitchen is so small.
Lesson for buyers: Don’t get so fixated on buying any available home that you lose sight of what makes a home livable and comfortable for you. Keep a list with you when you’re shopping of the characteristics that are “must haves” and continue looking until you find one that hits the sweet spots.
They bought a home in the wrong location:
I love my house, but we’re on a busy road and the traffic noise never stops.
Imagine buying a home for the peace and quiet it offers only to discover there’s a busy bus stop out front. Or maybe there’s a nearby business district that draws throngs of people late into the night. Or, if you’re someone who likes to shop daily for fresh food, imagine what a chore that could become if the nearest grocery store is 15 miles away.
Lesson for buyers: Visit the home at different times and different days to get a sense of the rhythm of life that surrounds it. Shopping in a specific neighborhood and planning to commute to work? Take a few test drives during rush hours to see what your commute is like, or take the bus or train to your destination. You also can follow these tips on how to choose a neighborhood.
They bought an older home that needs a lot of repairs:
We bought an older home, thinking we could fix it up over time. But some things can’t wait. In just two years, we’ve had to replace the roof, dig up the side sewer, install a new water heater and rebuild the deck.
There’s one constant with homeownership: If it breaks, it’s your problem.
Lesson for buyers: Be sure to get an inspection or even a home warranty. Price out renovations ahead of time to leave room for the unexpected.
They didn’t consider the total environment:
When we were looking, we were so focused on the house that we didn’t give enough consideration to the surroundings. After two years of staring at my neighbors’ homes, I find myself craving privacy and acreage.
Think about what makes you happy about your current home. What’s missing that you’d pay a premium to have? Make a list of those things and check the home you’re considering against the list. Do you need a lot of light during the day? Make sure that you’re not in the shadow of large trees. Hate yard work? Consider the size of the yard and its composition.
Lesson for buyers: There are a lot of things you can change about a home. However, any structural change such as removing walls, adding windows or space is likely to be an expensive fix. Look for homes that have the qualities that are most important to you.
Not doing more research can cause home buyer regrets:
We bought a newly built home, but didn’t do enough research on the builder or what we should expect when we moved in. The home wasn’t finished, and we had to spend a lot of time chasing after the builder to fix and finish things.
If you’re buying new construction, research the builder. If you’re buying an existing home, research agents and lenders to make sure you’re getting the best representation and the best value.