If you want to avoid home-buyer's remorse, you have to make sure you purchase the right home to begin with. Things that seem like minor inconveniences or small problems when you walk through or sign papers on a new home may become huge, unbearable issues after you live in the home for a few months. For this reason, it's vital that you look into the future and really think about how happy you're going to be with your purchase before you make it. Following are three things you must consider if you want to love your new home forever.
If sparks don't fly the first time you step foot in your new home, don't fool yourself into thinking that the house will grow on you eventually, because it probably won't. While the practical side of you might want to consider location, price, resale value and practicality above anything else, you also have to consider how you feel about the house. If you don't have an emotional connection with the home, it will probably always feel like it's just a house and not really your dream home.
Being poor is one thing that will make you fall out of love with your new house fast. To make sure a house won't place a financial burden on you, be sure to calculate the total cost of owning the home before you purchase it. In addition to factoring in your mortgage payment, taxes and insurance, include things that you might not think of at first, such as heating cots, lawn care costs, future renovations and more. Keep in mind that the most beautiful, captivating house in the world can become a source for resentment if all your money has to go toward the house. Make sure to communicate your budget and financial situation to your real estate agent.
Purchase a home for the life you have, not the one you want to have. Sure, an expensive home in the mountains may have breathtaking views that make you swoon, but such a house is not very practical if you have to drive an hour or more to work every day when there's snow on the ground. Similarly, a luxurious home right off the pages of an upscale home decor magazine might look beautiful, but it might not be practical for raising a bunch of energetic kids. For these reasons, you should always select a home that works for your family and for your lifestyle, which might not necessarily be the house of your dreams.
As you can see, there are a lot of things that might make you regret a home purchase several months or even years down the road. If you want to be happy in your home for decades to come, be sure to choose a home that will be as perfect for you in the future as it is now.