Homebuyer regrets, they’ve had a few

August 12th, 2019

Thousands of people move home every year and settle happily into their new property, but some experience buyer remorse. Here are some of the problems that can occur and how to avoid them.

FAILING TO CONDUCT A STRUCTURAL SURVEY

Poor quality building work or a previous owner’s neglect can mean expensive repairs, so a structural survey is important. More serious problems like subsidence can leave a house uninsurable and potentially unsellable.

MAKING A RUSHED DECISION

Buying a property is a huge commitment and needs careful consideration. However, it’s easy to put yourself under pressure to buy, especially if it’s your first home. Take time and think carefully before agreeing to purchase a property and be sure it’s right for your needs.

PAYING TOO MUCH FOR YOUR PROPERTY

It can be tempting when faced with the property of your dreams, to spend more than your budget. The excitement of finding a home that you like can lead to you overstretching financially and then regretting this afterwards. Have a clear price in mind and be prepared to widen your search area in order to keep within your budget.