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The home-buying process is complicated and even the most prepared have regrets. Here are some of the things people regret overlooking after buying a home.
When you have a specific house in mind, think about potential developments. For example: If the home is near a busy road, will there be expansion in the near future? If there is a lot of open space around the home, will more homes be built in the area soon? If there are several homes for sale in the neighborhood, are they selling quickly and who’s moving in? It may be difficult to find concrete information about future developments, but keeping some what-ifs in mind as you look can help you find your ideal home. Also, keep in mind the potential resale value of your future home because no one knows what the future holds and you may need to sell earlier than you imagined.
If you’re serious about buying a home and not just trolling the market, be sure to get pre-approved by your bank or credit union BEFORE you start viewing homes. Also, be sure to obtain pre-approval instead of just pre-qualification, which is simply a preliminary letter from your bank without the official credit check, etc. With pre-approval, you will really feel ready to make an offer when a home feels right, and if there’s heavy competition. You’ll also know exactly what you can afford, which is really the most important thing.
Despite the fact that sellers are required to fill out a lead-pair disclosure form in most states, if the home you’re considering was built before 1978, you should seriously consider its potential for lead-based paint. On one of your showings, take a lead-paint test kit with you to swab a few areas that seem suspicious (flaking, zebra-like chips). You can buy tests for a few bucks at your local health department. If you have time and the ability, also test the water to ensure the tap water doesn’t contain lead as well.
Most purchase agreements allow for a final walk-through of the property to ensure that the house is still in good condition. This might not seem necessary, but if you’re purchasing a foreclosed property or displacing disgruntled renters, you may need to ensure that no last-minute damage was done (think writing on walls, stolen appliances, etc.).
At a certain point, a commute becomes a burden. If your commute is taking valuable time away from your family or personal goals, look for a home closer to your work. It may be worth it to downsize to a smaller home instead of losing too many hours out of every workday.
Home inspectors can find a lot of things wrong with a house but they can’t catch everything all the time. Most home inspectors won’t climb on a roof to inspect so it’s important to have things they won’t always check thoroughly viewed by an expert. Home inspectors typically don’t inspect underground pipes, septic tanks or wells, all of which are particularly expensive to repair or replace. You can protect yourself by finding a home inspector who carries “Errors and Omissions” coverage.
Homes built in the mid-’60s or ’70s might have aluminum wiring and if so it should be determined if everything has been retrofitted properly. If it hasn’t, it could be a fire hazard and wiring replacement can run thousands of dollars.
A NerdWallet survey of 2,200 home buyers and mortgage applicants found that the biggest regret for millennial buyers was they wished they’d save more money before buying a house. More than 10 percent of respondents no longer felt financially secure after they bought their home.
Nearly half of the respondents in a NerdWallet survey said they’d do something different if they could. Near the top of the list of things they’d do better the second time was doing more research. A total of 41 percent of people who applied for a mortgage felt they weren’t aware of all of their loan options. Tied into that is many first-time homebuyers aren’t aware of all of the costs associated with buying a house, especially the closing costs.
Nearly 20 percent of millennial buyers and 20 percent of Generation X buyers said they regretted they didn’t buy a bigger house in the NerdWallet survey.
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This remodeled 3 bedroom 2 bath home has been impeccably upgraded and is completed with hardwood floors, granite counters, fireplace, and stainless steel appliances. The open floor plan is very versatile and spacious. The expansive backyard has fruit trees, a nice lawn and flower gardens. The property also contains a separate guest quarters on the second level with its own private entrance. The guest quarters is complete with 2 bedrooms, its own living room, and a bathroom. This property is the perfect opportunity for dual living. Parking is abundant with a 2 car garage, and a large and roomy driveway. With great curb appeal, this property will not last long!
Welcome to Paradise. This is an exclusive opportunity to own part of a retreat in one of Santa Barbara’s exceptional beach-front locations! Come enjoy being just steps away from Ledbetter Beach. This spacious 3 bedroom, 2 bathroom condo is perfect for the discriminating buyer. A major renovation was recently completed including remodeled kitchen, remodeled bathrooms, Granite counter tops and back splash, new crown molding and baseboards, , and a new floor to ceiling fireplace with a custom mantle. All bedrooms have ocean views! The master suite is spacious with lots of natural light. The sliding glass doors off the living room lead to a relaxing patio with ocean views where you can hear the sounds of the ocean. Other amenities include a spacious living room, formal dining area, hardwood floors, plantation shutters, imported Jerusalem tile, recessed canister lighting, new solid core doors and laundry is located within the unit. Please see the full list of upgrades below. A recent $6,000,000 renovation to this beach front gated community has brought up to date amenities and resort style living with a new luxurious pool and spa, new roofs, updated walkways & landscaping, clubhouse / recreation room, paddle tennis, spa, large outdoor patio with BBQ’s, beach access and secured parking. All of this allows complete privacy and relaxation ensuring only the owners and their guests get to enjoy these amenities. The location doesn’t get any better than this with only being a short distance to the Santa Barbara Harbor, Sterns Wharf, Shoreline Park, and some of the best restaurants in Santa Barbara. Come experience what it’s like to own a piece of Paradise, right across from the beach!
List of Upgrades
1. Walls textured and painted throughout condo
2. Crown Molding and new baseboards added throughout.
3. Plantation shutters installed throughout.
4. New wall-to-wall drapes installed in living room.
5. New floor to ceiling fireplace and custom mantle installed in living room.
6. New recessed canister lighting installed in kitchen and master bath
7. Kitchen cabinets sanded, repainted, and new hardware added
8. New drawers installed and pull-out cabinet built into kitchen.
9. New fridge, electric stove top & dishwasher installed.
10. New granite countertops and subway tile backsplash added in kitchen.
11. New kitchen sink.
12. Pass thru window from kitchen to dining area enlarged.
13. New light fixtures added throughout and ceiling fan in master bedroom.
14. New mirrored sliding closet doors added in all 3 bedrooms.
15. All doors replaced with solid core doors for soundproofing.
16. All new hardware on all doors.
17. Built in window seat & storage added in Master BR.
18. Shelving, drawers & new hang rod added in all closets.
19. Imported Jerusalem tile in master bathroom
20. Schluter system added to both baths and laundry area to prevent water leaks/damage.
21. New Jacuzzi tub with inlign heater, toilet and fixtures added in guest bath.
22. New toilet, sink, glass shower divider and all fixtures added in Master bath.
23. Custom built vanity & tower cupboards added in master bath
24. Granite counter top and back splash in master bath.
25. New water heater.
26. New hot water filter system
27. New front door locks with keypad
28. New smoke detectors
29. New wall and floor tile in guest bath
30. New tiled floor in kitchen
31. New clothes dryer & new vent fans in both bathrooms.
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