Survey Reveals Top Regrets Among Buyers, Renters
Slightly more than half of Americans harbor at least one regret about their current home, according to Trulia’s Real Estate Regrets survey. In today’s seller’s market, Trulia says buyers are especially vulnerable to making decisions they may regret in the future.
One of the common missteps of new homeowners, according to Kolko, is buying before reaching financial stability. “Many buyers would have fewer regrets if they waited until they were in strong enough financial shape to afford a house that really meets their needs,” he said.
The top regret listed among homeowners is not choosing a larger home. Thirty-four percent of homeowners cited this regret in Trulia’s survey.
The second most common regret among homeowners is not remodeling more when they purchased their current homes.
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Survey Reveals Top Regrets Among Buyers, Renter