We’ve all had it, that gnawing sense of buyer’s remorse when we’ve made a purchase.
It could be the make of that new car you’ve ordered. Or the colour of that dress that looked good online, but will it have a wow factor when the postman drops it off?
Or something as simple as ordering a dish in a restaurant that you suddenly wish you hadn’t as your friend’s requested meal sounds infinitely more appetising.
On a more serious (and expensive note), according to research by insurance company Aviva, over a quarter of people who bought a home during the pandemic now have some regret linked to it.
It was either the cost, location, or the property itself that created the nagging feelings of doubt.
The good news is the risk of buyer’s or renter’s remorse can be reduced by following these seven simple steps:
- Have a realistic budget and stick to it.
- Work out what you want from a home and what you actually need.
- Think ahead, will this home be providing what you need in five years’ time?
- Consider all the moving costs like removals, storage, legal fees etc.
- Consider any commute time, transport links and even broadband speeds.
- Research the area if it’s new to you. The steps below are worth following.
- Consider speaking with people who already live in the area you’re looking at. If you’re brave enough, knocking on doors in the neighbourhood and asking direct questions can be priceless and very revealing.
- Jump on social media and ask in Facebook community groups what the area is like to live in.
- Speak to us. As local property experts, we’ll give you an honest opinion on areas and the types of property you’re interested in.
And remember, it’s natural to have second thoughts about something as big as moving home so don’t beat yourself up about it. By taking a little more time and applying some more research, you’ll be more confident and comfortable about moving.
We hope these buying tips will help you with your next or future home purchase so you have no regrets!
Barry & Laura
Copyright Butler Residential