When buying a house, it is important to think very well before signing the contract. A home buyer has to be wise in every aspect ensuring that he or she has seen and anticipated future needs. If intelligent decision-making is not involved, a homeowner might just end up confronting the top 5 common things in homeowner's list of regrets.
The wish for a larger home
The size of the family is a variable factor. You and your partner might just decide to have a new baby. Adult children of yours might just cohabitate or marry someone. Yet because they are just beginning, they could end up living with you at first. Not buying a larger house is a common regret of many homeowners who did not anticipated an expansion in the family. At times, some relatives might also come over for a week, a month or more of vacation.
The wish for more remodeling and improvement
The house should always be fitted with the needs of the family. However, because of initial appeal, there are homeowners who just forget to implement changes to some parts of the house to make it more comfortable and functional. The regret of not implementing the necessary improvements and remodeling is also common among homeowners. For instance, the playroom will have no obvious function in a family whose children have turned teenagers. It is more functional if this room will be converted to a study room or a mini library.
The regret for not obtaining more information about the house they bought
The specifications which home sellers provide is not enough to decide whether you will be comfortable or not. Thorough information about the house as well as the community it is found should also be obtained. This is to prevent a life that is twinned with fear and other problems bought by a disorderly neighborhood.
The regret of not putting more down payment
Down payment is an essential factor towards owning a house. It is a certain amount of the total purchase price of the house paid to the seller. The computed amount is usually the balanced price as determined by the home financing institution or by the real estate company. However, some homeowners regret the opportunity of paying more down payments because they are financially able. They just end up paying more than what should have been paid.
The wish for more financial security before purchasing the house
The monthly payment involved with the house purchase goes against the total budget of a homeowner. It is an obligation that when not fulfilled can lead to more serious problems like repossession of the house, increasing debt, and inability to pay for other financial obligations. Many homeowners who are now facing problems relevant to their monthly home amortizations wished they have assessed their financial security before the house purchase.
To avoid the same regrets, follow this - know the house, assess your needs, and assess your finances.
Desare Kohn-Laski is a proud and experienced Florida realtor who is knowledgeable and familiar of the East Coast Florida real estate market. Some of the areas of her service include Parkland, Fort Lauderdale, and Hallandale Beach. Stop the chase for your dream house with her professional assistance. For more information, hop on toÂ http://www.skyelouisrealty.com.
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