New Homebuyer Regrets

This article originally appeared on Porch.com

There’s a lot of pressure for millennials to buy a home. From reports of a millennial housing crisis to their rates of marriage, overwhelming student loan debt, and slow-to-start careers, financial analysts have struggled to put a finger on the exact reason young people are so unwilling to give up renting for the joys of homeownership. While millennials have been accused of “killing” the housing market, a majority who do commit to owning a house end up regretting the decision to buy. But are they alone? Buying a house is one of the biggest financial decisions most people will ever make—no matter their age—and it could leave them feeling the worst buyer’s remorse of their life. To learn the biggest homebuying regrets, we surveyed over 990 people about the expectations and reality of ascending to the status of homeowner. Read on as we break down what you might want to prepare yourself for before signing on the dotted line.

Disappointing decisions

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