Survey Asks Recent Buyers What They’d Do Differently

A new survey asked recent home buyers what they’d change if they could go through the buying process all over again. The Housesindependent survey – conducted by Research Now – polled 807 new homeowners about how prepared they felt during their home search and what they’d change about the home they eventually purchased. According to the results, 56 percent of respondents said they wish they had more knowledge about the financial aspects of buying a home, specifically making an offer and negotiating, closing on the house, and financing their home. At the time of the purchase, however, 90 percent said they felt prepared. Also, 34 percent said their home cost more than they expected and 80 percent said they considered their home move-in ready – though three quarters of them eventually renovated or had plans to renovate in the near future. A number of recent buyers also said they’d buy a different home altogether if they had a second chance, with 39 percent saying they’d buy a home in another neighborhood or of a different size or price. More here.

Michael Rosenbaum

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