Purchasing a house is a huge commitment. There are a lot of factors that affect which house you inevitably choose to buy. You’ve selected a house in Miami with the must-haves and might have made some compromises, but…
How Do You Know You Bought the Wrong House?
The following are all signs that you might have buyer’s remorse.
- When you pull into your driveway, do you have a tiny sinking feeling that you wish you didn’t buy the house?
- Were you under a lot of pressure and stress when you made your decision?
- Did you really spend enough time comparing all of your options?
- Did you explore different areas and keep an open mind, or did you only look in one location?
- Now that you’ve moved in, does the house feel too small, too big, or just not quite right?
Note: It can take a little while to settle into a new property. So don’t panic on day one! Give it a few months and see how you feel.
Doesn’t Fit In The Budget
Are you struggling to cover even the most basic necessities, heating, electricity, food, water, etc.? Counting your money down to the last dime probably wasn’t what you expected being a homeowner would be like.
- Is the house more of a fixer-upper than you realized?
- Did you end up investing more of your savings on repairs than you planned?
If so, you might be having a tough time keeping within your monthly budget. Perhaps your homeowner’s insurance was more expensive than you realized. If you’re constantly worrying about money (and for a good reason), you may have purchased the wrong house.
The following are all signs that your neighborhood might be an issue!
- Do the neighbors constantly play loud music, host parties, or argue in the yard?
- Is there a lot more traffic going by your house than you realized?
- Does the train run earlier than you thought?
- Have you had to change your shopping habits because your favorite store is too far away?
These are all signs that your neighborhood is quite what you imagined it would be. And if you don’t love where you live, you’re probably living in the wrong house.
Does your new house have well water? When you purchased it, you were happy knowing your utility bills wouldn’t be high, but now you realize you are responsible for any well system repair. What if you have to redrill and move the well system?
Do you hate lugging around water softener or having to pay a company to come out and do it for you? Is your municipality planning a utility expansion in your area, and now you have to add another $20,000 to your tax bill over the next few decades?
These are signs you might be living in the wrong house.
Perhaps you love the neighborhood, and you purchased a lovely family home that well within your budget. But the other day, you just noticed a crack along the floorboard by the front door. Maybe you dismiss it for the caulk shrinking… and then a few months later, it’s a little bit bigger… and bigger… is your foundation sinking?
Maybe there are new cracks by the windows or new water stains on the ceiling… these are all small indicators that your house might have some structural issues, which of course, could become a serious problem. Make sure you pay to have the property professionally inspected beforehand, so you never have to feel like you bought the wrong home.
How To Escape The Wrong House in Miami?
Has your worst nightmare come true? Have you ended up buying a property too fast, or when you were under a lot of stress to move and now a few months later you’ve come to realize you made a mistake? Well, don’t panic!
There are plenty of cash buyers in Florida who purchase houses in any shape. Cash buyers can help you get out of your wrong house ASAP while saving you time and hassle. Just be aware that they won’t be able to offer you full retail value.
On the other hand, if you feel you’ve been intentionally misled by the seller or real estate agent, you can file a lawsuit against them or the inspector if their report didn’t include the major structural issues (check with your lawyer).
Alternatively, if you cannot consider selling right now, perhaps renting a room/the house out might be a good idea.