How to Avoid Buyer's Remorse in Alaska Real Estate
House-hunting can be a lot of fun for new buyers in the Alaska real estate market, but your judgement can also quickly get away from you. It is easy to focus more on features of the home rather than costs like upkeep and utilities and buyer's remorse can set in after you've signed on the dotted line.
But as your local real estate experts in Anchorage, Fairbanks, Eagle River, Palmer, Wasilla, North Pole and beyond, it is our priority to ensure buyer's remorse never crosses your mind! Madden Real Estate will work with you to determine your wants versus needs as well as what is realistic for you in terms of price and home size.
In the meantime, keep in mind the following four common sources of homebuyer's remorse, especially as you tour available properties in Anchorage, Chugiak, Fairbanks, Eagle River, Palmer, Wasilla, North Pole and beyond:
The kitchen is one of the most important areas of the home and buyers underestimate the layout all too often. Walk around the space and think about your usual cooking habits and food prep patterns. You may think that kitchen island will be a life saver, but not if it will get in the way of your routine.
Too big of a home
Moving up to a larger home in Alaska involves more than just buying additional furniture. There are extra costs—like higher heating and cooling bills, more time spent cleaning and outfitting the extra rooms with furniture—that need to be considered in your decision. As a homebuyer, you may later regret the expense and upkeep of buying a bigger home.
Buying for the trends
If you purchase a home for the trends it has, like concrete countertops or brass light fixtures, you may find it much harder to sell as styles change. In fact, your own style is subject to change and you will be faced with the expense of renovating. Look for classic, timeless features instead!
Consider what the home does not have
Both builders and the property's current owners will remove certain features to give it a cleaner, more modern feel— but buyers may find that they miss them after they move in. A larger shower seems like a win-win until you realize you'd like to have a bathtub as well. Consider the extra costs of adding the features the home does not have and you will avoid this source of remorse.
Let's work together this year to find the Alaskan home of your dreams! Contact Madden Real Estate today for a list of available properties that meet your wants and needs.
We look forward to hearing from you!