How To Avoid the Curse of Home Buyer’s Remorse

There’s no avoiding the fact that buying a home can be stressful. Even if you know exactly the home you want to buy, there’s the issue of getting the money together, hoping they agree to your offer, packing up your belongings, and so on and so forth. Things can get much more complicated, however, if you go through all that process and then, several months after you move in, your feelings about the home change and you think you’ve made a mistake. It’s called buyer’s remorse, and it’s more common than you might think. Indeed, somewhere in the region of 44% – nearly half the population! – have doubts about the home they’re living in. Below, we take a look at a few tips you can incorporate into your house-moving process that’ll reduce the chances of you becoming one of the unlucky ones.

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Before You Begin Looking

There’s no such thing as the perfect home. There are only the houses that are right for you. Before you begin your search, draw up a list of all the things you need from your home. Then draw up a list of things your house would have, or at least what it’d have if you lived in an ideal world. After that, it’s about recognizing the things you don’t need/don’t care for. It’ll make the process of beginning your search much more relaxed, and will give you a solid framework from which to find your property. Remember, however, that you’ll need to think about your plans; there’s no point buying a tiny property if you want to have a big family in a few years!

Avoid the Unsuitable Homes

You could spend hours looking at all the properties that are up for sale. Indeed, seeing what’s available is a fun part of the process, and can, if done properly, help focus your mind on determining what you really want. However, there is a danger of going too far down the rabbit hole when it comes to unsuitable homes. Looking at properties that you can’t have – either because of location or the price range – might make the homes that you should be focusing on look inferior by comparison. If you know a potential house is a bad idea, you should close the tab and move on.

Don’t Trust Your Memory

If you rush into anything, you’re more likely to make a mistake. That’s as true for everything; job searching, marriage, and house purchasing. It’s easy to get excited about a property that you’ve visited and liked. In the absence of spending more time in the home, your memory fills in the blanks, and you might not be thinking clearly about the property. After you’ve returned home, use the website listing to jog your memory. It’ll help you to keep your impression of the home grounded.

Revisit the Site

If you’re excited about a home, you might be concerned that someone else will swoop in and make an offer before you, and thus might be tempted to make an offer of your own, even if you’ve only seen the property once. If you want to avoid buyer’s remorse, make sure this doesn’t happen! You need to visit a property at least twice – and that’s the minimum, more times is better – before you can be in a position to make an offer.

Don’t Be Afraid to Back Out

If you realise early on that you might have made a mistake, then you shouldn’t be afraid to back out and continue your search elsewhere. Buying a house is a serious process, and there’s no space for moving forward just because you think it’d be rude to pull out! You’re going to be making a serious financial commitment by buying a house. Of course, there will be a time when it’s too late to back out, as you might be contractually obliged to buy the property. But before that? The choice is yours. Don’t worry about offending the seller’s – they’ll find another buyer in time.

Avoid the Bidding War

Sometimes it’s not the home that puts people off years later down the line. It’s how much they paid for it. Buying a house isn’t like trying to find a bargain on eBay when you’re willing to go a little over budget if you really want an item. The price you pay for your home will follow you around for decades. You should have set a budget for your new house before you began looking; this figure, whatever it is, should be non-negotiable. You won’t be happy you snagged the house if it puts you under financial stress.

Do It Yourself

Buying a property is always risky. You’re not really buying the house; you’re buying the potential. Once you have the keys, that’s when you begin the process of turning into a home that’s suitable for you. If that proves difficult, then unlucky, you’re stuck with the house. However, buying a home isn’t your only option. You can choose to build your own home, which can be a more cost-effective option and allows you to ensure you get a property that is perfect for you. If this option sounds appealing, take a look at The House Plan Shop and browse the designs on offer. You might just find a plan that’s perfect for your family. You’re much less likely to have buyer’s remorse if you’ve built a home exactly as you wanted your house to be.

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Speak to Friends and Family

Sometimes, the doubts don’t emerge from within. They come from friends and family, who aren’t afraid to say things like “you paid how much for this home?”, and “ I wouldn’t have thought you’d buy a house in this area.” Before you put an offer in for a home, speak to your friends and family (the ones whose opinion you trust, at least), and get their input. At least then you’ll be able to act on whatever they say to you; you won’t if you already have the keys when they speak up.

Are You Realistic?

Not everybody can get the home they always wanted, for one good reason: sometimes it’s not what is available, it’s about practical issues, such as proximity to your work or budget. Try not to get too disheartened if the properties within your parameters don’t blow you away. Sometimes you just have to deal with the hand you’ve been dealt. We can’t all afford to have a beachfront property that has five bedrooms and a swimming pool! During your search, stay realistic.

Recognize the Condition

Humans are an indecisive bunch. They think they want one thing, and then when they have it, the option they didn’t choose begins to look a lot brighter. While you might not be able to avoid the feelings of remorse, remember that some feelings are real; and some others are false. You might just be experiencing a “the grass is greener on the other side” moment. Humans are conditioned to want more and more, when in fact what we already have might be the perfect option for us.

Trust Your Feeling

There’s a rational way to approach moving home, but it’s not foolproof, and you shouldn’t discount what your gut feeling is trying to tell you. If you’re moving forward, but something doesn’t feel right, take a moment to analyze why you might be feeling that way. It might be nothing, or it might just save you from making a mistake.

Take the steps we’ve outlined above, and you’ll ensure you end up with a property that you love!

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