6 Ways You Can Avoid Homebuyer’s Remorse

avoid homebuyer's remorseThe house hunting process is undoubtedly an emotional experience. A house is the most expensive purchase you will probably ever make, so it’s understandable to feel a wide range of emotions – and to question yourself during the entire process. After purchasing what you initially felt was the home of your dreams, you may come to regret signing your name on the dotted line. A barrage of “what ifs” creep into your mind: What if you jumped too quickly and your true dream home pops up on the market next week? What if you paid too much? What if I made the wrong choice?

It happens to the best of us. In fact, according to a recent study from Trulia, about 51% of homebuyers experience the phenomenon known as homebuyer’s remorse. This doesn’t mean you’re doomed to regret your next house choice. Follow these 6 handy tips to help you avoid homebuyer’s remorse!

Revisit Your List of Wants and Needs Frequently

It can be easy to get distracted and fall in love with a high-end home that’s out of your price range – or the opposite: settling for a home that “sort of” works. Center yourself during the house hunting process and keep your needs and wants in mind. Is the home in the right location and neighborhood? Is it the right size and within your price range? What will your daily commute look like? Make sure that the house you’re thinking of buying matches your needs and hopefully some of your wants as well!

Take Multiple Tours of the House

If you’re only seeing the house once before buying it, you’ll more than likely experience buyer’s remorse. Avoid it by requesting a few additional viewings so you can see it more objectively. If possible, view it at different times of the day to gain a stronger perspective of what your future home might look like. Definitely tour the home privately at least once – you’ll feel much less rushed, which can help you evaluate the home with a clearer mind.

Stop Looking at Other Houses

We understand – sometimes it can be fun to look at listings online and imagine your life within those walls. But if you’re under contract to buy a home and you’re still checking out the newest houses to hit the market, you could be setting yourself up for homebuyer’s remorse. Once you’ve chosen your home, unsubscribe from email alerts and delete the listing apps from your phone. Remember, the grass is always greener on the other side!

Do Your Due Diligence

Before you make an offer, you’ll want to investigate any disclosures available. Find out if there have been any previous inspections or additional reports you haven’t seen yet. Ensure that you’re getting all of the details about the property and its past before you make your decision. If you’re too busy to review the information, you probably shouldn’t make an offer.

Refrain from Nitpicking Your Home

No home is perfect. You will always find something “wrong” with the house, no matter how much you work to fix it to your liking. Instead of constantly finding faults with your new home after you purchase it, change your mindset and focus on the parts you absolutely love about it! That morning light in the library, the enchanting window seat, the cozy nook by the fireplace where you read all your favorite thrillers – start listing off everything you love to remind yourself why you bought it in the first place!

Listen to Others, But Trust Your Gut

It’s always nice to consider the opinion of others, especially if they are a trusted source. But sometimes, family and friends can have the opposite effect and cause you to question your choice. If you know deep down that this is the home for you – even if your mother feels it’s setup leaves something to be desired – then trust yourself! Do, however, rely on your real estate agent for input. If he or she tries to steer you away from a home that truly doesn’t fit your needs and wants, that’s a sign of a good agent looking out for your best interests.

Of course, sometimes your concerns may be valid and you’ll need to back out of your offer. If there are issues with the title, if the seller won’t handle your requested repairs, if the house doesn’t appraise out, or if the inspection reveals some concerning issues, you might want to reconsider your offer!

A good real estate agent will help you find the right home for you. The Massey Team at Berkshire Hathaway HomeServices Elite Properties is dedicated to listening to your needs, wants, and concerns and works tirelessly to match you with the home of your dreams. Avoid homebuyer’s remorse by relying on us! Call us today at (618) 791-5024 or (618) 791-9298 or view our listings online to get started!

5 Questions to Ask Yourself Before Installing a Pool

As the thermometer rises throughout the blistering summer months, there’s one home improvement project you won’t be able to get out of your head – installing a backyard swimming pool. When it comes to shopping for one, don’t just dive in headfirst! Here are 5 questions to ask yourself before installing a pool.

Do I Have Enough Space for a Pool?

The best place to start when considering the installation of a pool is your backyard. Look around and ask yourself if you have enough space. An average rectangular pool can be 10 x 20 feet or larger while round pools can reach sizes greater than 10 feet in diameter. If you’ve answered yes to this question, move on to the next one. If you don’t currently have this kind of space, view the last question in this post.

Should I Choose an In-Ground or Above-Ground Pool?

There are many intricacies that come with both in-ground and above-ground swimming pools. The trick is finding out what works best for you. Here are a few benefits of an in-ground pool:

  • Increases the value of your home.
  • Completely customizable from the shape to the color of the tiles.
  • Less prone to damages over time.

And here are a few benefits of an above-ground pool:

  • Simple installation.
  • More budget-friendly upfront.
  • Less risk for accidents to occur.

Can I Maintain This Long-Term Investment?

Buying a pool is sort of like adopting a puppy. You might be excited right now to get one installed, but can you maintain your pool over the years to come? Pool owners have several maintenance-related responsibilities including understanding how their pool functions, when and how to properly clean it, knowing what to do with it during the winter, and more.

What’s My Budget?

If you’re still reading this then it means you’re ready for the next step – budgeting. Let’s look to HomeAdvisor who offers the cost of an in-ground pool. According to their numbers, installing an in-ground pool can range between $36,740 and $66,486. Factors include the location of where you live, the size of the pool, and any additional landscaping that may need to be done. Above-ground pools, however, tend to run between $1,000 and $3,000 for their installation. Accessories such as pool decks, lights, and diving boards will increase the overall cost for both.

Is it Time to Buy a New Home?

If you don’t have enough space in your backyard for a swimming pool or the cost doesn’t fit your monthly budget, then maybe it’s time to start looking for a new home. Trust The Massey Team to find the perfect home with everything you have ever wanted – including a pool!

Call us today at (618) 791-5024 or (618) 791-9298, and view our current listings on our website.