Here are my biggest regrets after buying my home instead of renting it
My husband and I bought a house in the suburbs instead of renting a home or apartment., but if I had to do it over, I would just continue renting.I live in a townhouse in suburban New Jersey with my two children, husband, and a cat.
My husband and I got pressured into buying the house by well-meaning relatives who insisted that renting was throwing away our money. They also kindly helped with the down payment. We have a garage and a basement, which is great for storing all those bikes, hand-me-down clothes, boxes of unsorted papers, and other things we want out of sight and mind.Every choice you make cuts off the what-ifs of how your life might have turned out.
Replacing the HVAC unit was a big one. A leaking roof has been repaired again and again, but it continues to spring a leak intermittently. The patio needs replacing. The wasps decided to take up residence under the front stairs.I'm convinced real estate is one of the most overrated investments out there, but I plan to buy a house anyway because of a strategy I implemented years ago
All of these had high and unexpected financial costs, but some even cost me in pain and suffering You never know when you may need to come up with an extra $500 or $5,000 to do an urgent repair.I have a junk problem. I am not good at letting go of things. When you own a home, you can just put it in the basement. If I had been moving all this time, I suspect I would have been pressured to ditch some of my clutter. Maybe I am just giving myself an excuse, but at this point, I have no idea what is down there.
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