Why 90% Millennials Regret the Home They Bought

Why 90% Millennials Regret the Home They Bought:

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Common Regrets:

27% regret the location.
26% regret their neighbors.
25% regret high interest rates.
22% regret rushing the process
20% regret outgrowing their home too quickly.

Importance of Location:

Emotional buying and FOMO lead to poor location choices.
Bad location makes it harder to sell the home later.

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Dealing with Neighbors:

Difficult to research potential neighbors.
Tips: Talk to neighbors if possible; consider neighborhoods with friends or family.

High Interest Rates and Expensive Mortgages:

You need to understand the mortgage terms and costs.
Advice: Review mortgage options that lower payments!

Outgrowing the Home:

Consider future family plans and space needs.
Example: Clients outgrowing a condo quickly after having a child.

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Hidden Costs of Homeownership:

Homeowners spend $17,500 annually on taxes, insurance, maintenance, and repairs.
It's so important to understand budgeting for these costs and having an emergency fund.

Final Advice:

Work with knowledgeable real estate agents and mortgage lenders.
Educate yourself on the home buying process and market conditions.

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