Thursday, November 20, 2014

The Most Common Regrets of First Time Home Buyers

Are you a first time home buyer? Sometimes, after closing the deal, home buyers report several regrets which probably could have not occurred if precautions and proper preparations are made. Here are some of the common regrets of first time home buyers which we hope you could avoid if you are pursuing your dream of owning your very first house.

34% wished they negotiated more

Negotiating with the seller is an integral part of the home buying process. First time home buyers are usually delighted with the price tags such that when they offer the price they want and the seller agrees - they give in and agree to close the deal. Yet, after the closing 34% wished they negotiated more to obtain lower prices.

40% wished they should have cashed out more for the down payment

Buying a house for the first time involves shelling out significant amount of money for its down payment. However, 40% of the first time home buyers usually pay down payment as what is the convention. This percentage wished they should have cashed out more because it will lower their monthly dues.

38% found it costly to maintain a home

As soon as the first time home buyers move in to their purchased homes, 38% found out that home maintenance is costly. There are a lot of things involved to make the house appealing, functional, and stylish as the owners wanted the house to be. Apparently, many first time homebuyers are not prepared with these kinds of tasks. Their budgets aren't prepared to for such maintenance processes.

25% found out they don't like the neighborhood

After moving in to the house, a quarter of the first timers wished they looked for a better neighborhood. The beauty of a house is not just the sole factor that home buyers, especially first timers should look upon and evaluate. The neighborhood is also a critical value. The quality of the neighborhood and the kinds of people living there will constitute a great part of your daily life.

24% revealed regrets with regards to their yards

The yard, although an outside part of the house, is essential because it can serve as playground to the children. It can also become part of the recreation of adult family members especially the garden part. Despite this, 50% of those with regrets wished for a smaller yard because of the difficulty associated with its maintenance. The other 50% wished for a larger space because of more plants they wanted for their garden. Some of them also want to put outside furniture.

These are some of the common regrets that first time home buyers have. With the information discussed herewith, it is hoped that you will avoid them by taking into big consideration what you really want in a house.

Desare Kohn-Laski is a proud realtor and experienced Military Relocation Professional in Florida. She is a real estate broker who is knowledgeable and familiar of the South Florida real estate market. Her areas of services include Broward County, Palm Beach County & Miami-Dade County. Stop the chase for your dream house with her professional and expert assistance. For more information, hop on to http://www.skyelouisrealty.com.
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