Nearly Half of Millennial Homeowners Regretted their Purchase


A new report from 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


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Director of Education & Outreach, National Real Estate Investors Association

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