Not Researching HOAs
Homeowner Associations (HOAs) govern almost 20% of American residences. While most homeowner associations are perfectly fine, there are a minority that give the organizations a bad name. Look for negative coverage in the local press, and if possible ask a sampling of neighbors to find out their impressions of the organization. Should anything raise red flags, give some serious thought to what you might be committing to. And if you’re not sure about the importance of researching your potential HOA, check out these Homeowner Association horror stories.
Not Researching the Area
Noise level and commute time, can vary wildly depending on the time of day. If you’re going to be arriving or leaving home at a certain time, check out the traffic around then. And see what the neighborhood is like after dark. You might find that the quaint little taproom down the street hosts all-night karaoke. The presence of traffic or a little noise may not be enough to prevent you from buying, but you’ll be much better situated to deal with it if you know ahead of time what you’re getting into. At the very least, you’ll already be planning how to soundproof your new home!
Buyers Remorse is Inevitable
There’s almost no way for a new homeowner to completely avoid buyer’s remorse. The little pitfalls that come with buying a home can be stressful and drive you crazy. The good news is that it’s all worth it! For all of its challenges, home ownership can be mentally and financially rewarding. No matter how stressful it gets, don’t forget that you’re not alone! We do everything by our own hands community of DIY enthusiasts is here to help you on your journey. If you’re ready to read further, here’s a great place to get started: 13 Great Tips for New Homeowners and First-Time Home Buyers.