The Root of Buyer’s Remorse

Regretful woman looking at many shopping bags on the couch at ho A recent Chase Bank survey found that 56 percent of recent buyers said they wish they had more information about the financial aspects before buying a home. Thirty-four percent of buyers said owning a home was a lot more expensive than they had thought.

“Financial surprises are at the heart of most regrets,” says Marianne Cusato, designer and author of Just the Right Home. “Hidden expenses beyond the monthly mortgage are typically to blame for the surprises. The expense of commuting, heating and cooling, and general maintenance can add up fast.”

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