Buying a new home is always exciting, but that doesn’t mean that it comes without its risks. The house that you bought is a major investment, and with any investment, there’s a chance that things may not work out the way you hoped they would.
When you first bought your home, you probably feel in love with the bay windows, large bedroom sizes, and functional kitchen. You were probably excited to find out that your offer was accepted. As you settled in, however, you could start noticing a few signs that you bought the wrong house. You may be experiencing buyer’s remorse, or you may have noticed that the home requires much more maintenance than what was made clear at the time.
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If you’re trying to figure out if you really did buy the right home, there are certain signs that will indicate whether you bought the wrong house. Hopefully this is not the case, but it’s best to find out as soon as possible to help remedy the situation.
Here are the five potential signs you bought the wrong house:
Sign #1: You bought the house in the wrong location.
Location is one of the most common reasons why people believe they bought the wrong house. The wrong location is often tied to long commute times. When you first bought the house, did you figured that commute to and from your job wouldn’t be so bad? Now that you have settled in, your daily commute could have doubled or tripled in the amount of time.
When commute gets tiresome, this is one of the signs you bought the wrong house. Although the house is nice and the pool is fantastic, the morning commute may be too much to handle. To avoid this problem, always make sure you choose homes for sale in accessible neighbourhoods with convenient modes of transportation.
Sign #2: There are budget issues after you bought the house.
Money troubles could be among the more obvious signs you bought the wrong house. When you first bought the house, maybe you increased your budget just a little bit and thought it wouldn’t make a difference. Sometimes, you really can’t afford that increase.
If this is the case, you may be worried about your high mortgage payments, especially if you didn’t budget properly. There is not much you can do about this financial problem, unless you find ways to supplement your income to afford your new home.
Sign #3: Your new house made your relationship problems worse.
If you and your spouse were experiencing a rough patch before you bought your home, you may feel stuck now that you have bought a home together. If things aren’t working out, sit down with your spouse and discuss your financial obligations. If you really want to get a divorce, you’ll have to have a conversation about what will happen to the house.
You may decide to give it more time, or you may opt for a divorce and need to sell the home unless one spouse moves out and the other keeps the home. This goes to show that not only can there be a problem with the actual home, but you may be experiencing personal issues that make purchasing the home the wrong decision.
Sign #4: There are structural problems in the house you bought.
Although you likely had the house inspected before you bought it, some things may have slipped through the cracks. As you walk around your home, you may notice that the floorboards are raised up or tilted. Perhaps after significant rainfall, you’ve noticed that part of the ceiling is leaking. Or maybe you even noticed a draft coming from around your windows and doors.
Once you find a couple of problems in your house, chances are that more problems are lurking around the corner. While you may be able to deal with one problem at a time, things can quickly become overwhelming when they start to pile up. Not to mention, they’re going to make a significant dent to your wallet.
You may have sent aside a certain budget for renovations, only to run into problems that cost more than projected. The renovation costs could be one of the signs you bought the wrong house. If this is the case, it’s best to prioritize which things need to be done first then go from there.
If it seems that there is just one problem after another, it may be a strong sign you bought the wrong house. To avoid this problem, always make sure you do a diligent structural check before buying a house.
Sign #5: You don’t get along with your house’s next door neighbours
We all imagine that when we move onto a new street our neighbours will welcome us with open arms, but that is not always the case. Your new neighbours may be rude, unfriendly, and inconsiderate. Sound familiar? Nosy neighbours that seem to be in your business or ones that show up unannounced to gossip can all be an issue. And what about the neighbour with a disgustingly messy yard or ones that have loud kids?
There’s really not much you can do unless you want to have an awkward conversation. If you have a neighbour that seems to always be holding parties and blasting loud music, that can become even more of a problem and make you feel like a prisoner in your own home.
Unfortunately, there is not much you can do to vet your neighbours before you move in, but do try to be congenial and make an effort to get along. With some effort, you may take this sign you bought the wrong house into an opportunity to forge a new friendship.