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2019-04-22 Nearly Half of Millennial Homeowners Regretted their Purchase | By: Brad Beckett

Nearly Half of Millennial Homeowners Regretted their Purchase

A new report from Bankrate.com says that nearly half of millennial homeowners had regrets about their home purchase.  Bankrate says that, overall 44% of homeowners had regrets about their purchase while 56% did not.  Unexpected maintenance or other hidden costs were listed as the largest item.
“When you buy a house, you can’t call the maintenance company or a landlord to fix major issues; it’s all on you,”…adding that these expenses — needing a new air conditioner, furnace or water heater, for example — often take first-time buyers by surprise. “I always advise homebuyers to create savings buckets and open a savings account that can collect interest that’s set aside specifically for housing repairs.”  Says Luis Rosa, a certified financial planner in Henderson, Nevada.

 
Click here to read the full report at Bankrate.com.

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