Monday, December 17, 2018

4 "Big Regrets" to Avoid When Buying a Home (Part 3 of 5)

Act to get the facts as soon as possible and avoid regrets.

Regret #2: Choosing The Wrong Location = Fear Fanned by Lack of Confidence that Makes Buyers Followers, Not Self-Leaders.

Eager buyers who emphasize a list of must-haves based on what friends bought or on trends and fads, not a thoughtful analysis of their specific needs and how exactly a home would enhance their lives, can end up disappointed with what they buy. For instance, without analysis and with assumptions, buying in an outlying less-expensive area can seem like a smart financial move. However, the impact of commuting for work and recreation must be measured beyond the simple expense of driving or transit. Include priceless elements like time away from family, lost time with friends, disconnection from the community, and increased risk of accident, which can make living far from your ideal location a life of ongoing regret.

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