Buying an existing home can be a complicated and expensive affair. Buyers can try to reduce their transaction costs by using a discount real estate broker or simplify the process by using an agent.
So, it’s not surprising that many people decide to build a new home instead of dealing with an overheated market. A customized home that’s never been lived in sounds like an appealing prospect.
A new study from Real Estate Witch surveyed buyers of newly constructed homes and uncovered their biggest regrets, their sources of satisfaction, and what they wish they’d known before.
Two-thirds of new construction buyers (66%) experience some form of regret regarding the process of building their home.
One of the top regrets of people who bought a newly constructed home is that, well, they bought a newly constructed home.
About 21% of new construction buyers report minor regrets about their home, and 19% “wish they had made different decisions while building their home.
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