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Regret Buying A House in the UK? Here Are 8 Things You Can Do Now

Strategies to avoid home buyer’s remorse and make a confident home investment decision. 

Are you experiencing regret after buying your home? You are not alone. Numerous people in the UK view buying a home as a significant milestone. However, even with meticulous planning and research, home buyers may still encounter regret, anxiety, or dissatisfaction when or after making this critical financial decision. This phenomenon is known as home buyer’s remorse, and it can be caused by various factors, leaving them overwhelmed and uncertain about their decision.

A survey by YouGov revealed that over 42% of homeowners regret not paying closer attention to certain aspects of the home they purchased. While it is normal to regret buying a house, we suggest understanding its causes and implications to practically and effectively address your regret. By the end of this article, you will have a better understanding of what home buyer’s remorse is, how to avoid it before purchase, and how to deal with it constructively after purchase.

What is home buyer’s remorse?

Home buyer’s remorse is a common feeling of regret, anxiety, or dissatisfaction that many individuals, couples, or families experience after purchasing a home.

It can manifest in several ways, such as feeling uneasy about the financial commitment, being dissatisfied with the property, or regretting the decision to buy in the first place.

While home buyers’ remorse manifests differently for everyone, here are some common reasons:

For some people, home buyer’s remorse is a passing feeling that goes away over time as they adjust to their new living situation. 

For others, it can be a persistent feeling that negatively impacts their mental health. They may constantly question their decisions, feel overwhelmed by the responsibilities, or even experience physical symptoms, such as constant headaches, irrational fear, and sleep disturbance.

3 ways to avoid home buyer’s remorse before buying a house

When you’re in the process of buying a home, it’s easy to get swept up in the excitement and make a decision you may later regret. But by taking measures to avoid it before the purchase, you can save yourself a lot of trouble.

Comprehensive research for current times and the future

Researching the neighbourhood and home’s resale value thoroughly is crucial to making an informed decision. Here’s what you can do:

  • Schedule visits at varying times of the day.
  • Assess the local community and people.
  • Inspect the orientation of the house.
  • Assess home price trends in the locality.
  • Consider the region’s long-term development plans.
  • Check the crime statistics in the neighbourhood.

Read: 5 hidden factors that affect the value of a property.

Proper inspections before buying a home

Getting a home inspection is also essential to preventing home buyer’s remorse. A comprehensive evaluation can uncover defects in the dwelling that may not be obvious to the untrained eye.

Consider hiring a specialised inspector for specific issues, such as pest infestations or structural damage. Based on the inspection results, discuss repairs or reducing the property price with the seller so that you don’t have to spend additional money after you purchase the home. 

Moreover, if you want to get a better sense of the area’s climate and noise levels, we suggest staying in an Airbnb in the neighbourhood and speaking to your neighbours to get a feel for the area before making a final decision.

Rent-to-buy to avoid home buyer’s remorse

Rent-to-buy options have become increasingly popular in recent years, especially because they help home buyers avoid buyer’s remorse.

The idea behind rent-to-buy options is that potential buyers rent a property for a set period, typically 1-3 years, with the option to buy it at the end of the lease term. This allows buyers to test the waters before committing to a long-term mortgage and provides them with flexibility and a chance to save up for a down payment.

As with any significant financial decision, it is important to carefully consider all alternatives and consult with several professionals before committing to your house. Because buying a home is a significant investment, it is essential to get it right.

8 things to do when you regret buying a house

Despite careful research, inspections, and trials, sometimes things don’t go as planned. You could pay a huge amount of money or commit to a long-term mortgage for a house that you don’t enjoy living in anymore.

But what can you do if you experience home buyer’s remorse? Here are 8 things you can do to address the issue and find a resolution to your current problem.

Acknowledge the problem you are facing

The first step in addressing a home buyer’s remorse is acknowledging that you have a problem. This can be difficult, especially if you feel like you made a mistake or are embarrassed to admit your feelings.

However, it’s important to face your emotions head-on and be honest with yourself about how you’re feeling. We suggest talking to your friends and family to better verbalise your problem and see if they can provide any insights that may help you.

Identify the reason for remorse

Your reason for remorse could be anything from financial worries to maintenance and repair issues, discomfort with the location, or lifestyle changes that affect the home.

Once you understand the problem, you can explore potential solutions, such as reworking your budget, selling the house, or making changes to the house to make it feel more like your own.

Remind yourself why you bought it

When regret sets in, it can be tough to shake the feeling off. To combat this, remind yourself why you bought the home in the first place. Focus on the positive aspects of the house, such as its location or potential, to distract yourself from any negative feelings that keep resurfacing.

If it’s a long-term problem, you can think of other ways to make things right.

Create or find joy in your home

Memories you make at home matter most. Instead of focusing on imperfections, focus on the memories you want to create.

Spending time with your loved ones, filling the house with laughter, and making meaningful connections with your home can help you appreciate it more. In the end, it’s not about living in a perfect home – but living a happy and fulfilling life.

Rework your budget and re-prioritise

Buying a home can lead to changes in your financial situation, which is why it’s important to rework your budget. You may need to cut back on certain expenses, such as going out or taking big vacations, to free up more money.

However, you don’t have to give up everything you enjoy. Finding a balance between spending and saving can give you the breathing space you need.

Renovate

Redecorating or renovating your home can go a long way towards combating buyer’s remorse. This doesn’t have to involve expensive renovations or upgrades. Sometimes, small changes, like painting a room or adding new flowers to your yard, can make a big difference in how you feel about your home.

The more you do to personalise your space, the more you will feel like you belong in it.

Consult professional advisors or agents

Seek advice from a professional, such as a financial advisor or real estate agent.

A financial advisor can help you review your budget and find ways to ease any financial concerns you may have.

Meanwhile, a real estate agent can help you explore your options for selling the property or finding solutions to any issues with the property.

It’s important to note that either option can be a lengthy and stressful process, so it’s essential to be prepared for potential challenges.

Consider selling or renting the house

Sometimes, the best way to address the home buyer’s remorse is to either sell or rent the house.

While selling the house may seem like a drastic step, holding onto a property that is causing you stress and financial strain may not be the best option in the long run.

If it is possible, renting out a portion of the house can provide you with a steady source of income, which can help you pay off your mortgage and cover other expenses.

As you are going through such a challenging and emotional experience, it’s important to remember that there are steps you can take to address the issue and find a resolution. Be patient with yourself and your family while you take control of your situation and find a way out of this situation.

Ready to buy a house? Here’s how we can help you!

A beautiful picture of a flat's interior, which is a nice option for any looking to buy a house.

With our rent-to-buy scheme, you can try the house before you buy it.

The problem with buyer’s remorse is that it comes later as problems reveal themselves.

Nearby schools may be unsuitable for kids. Travelling to work or your favourite places may take more time than you initially thought. Neighbours could turn out to be problematic.

But by renting the property for a while, you can collect all this information with the option to stay or find a better option. There is no place for buyer’s remorse in our housing solution. 

Sounds good? Why not discuss your options with us?
Email us or register your interests here.

How to

Property Maintenance Costs in 2023 [upd]

As a landlord, property maintenance costs cannot be ignored. And sometimes it can become excessive if you don’t know how to reasonably service your property. 

The effort doesn’t stop once you’ve bought a residential property, especially if you want to let it out. Long-term protection of your investment is only ensured by appropriate property care. It is the best way to keep tenants satisfied and preserve your property’s condition.

In this article, we will discuss the various types of property maintenance costs that you may incur. 

What is Property Maintenance?

Property maintenance is essentially the management and upkeep of a house, flat or rental property. This includes buildings and commercial properties as well. Regular property maintenance ensures safety and satisfaction to occupants, making it more likely for them to extend their rental period.

The primary purpose of property maintenance is thought to be responding to maintenance requests from tenants, although other duties include keeping up with the landscaping, servicing HVAC (Heating, Ventilation, and Air Conditioning) systems, pest control, and even cleaning.

Poor maintenance can lead to unnecessary trouble. Hence, many experienced property owners emphasise routine maintenance to reduce the risk of customer complaints and reputation.

How to calculate property maintenance Costs?

Property maintenance cost varies from repair to repair, or property to property. Some are regular, and some are due to sudden repairs. 

The calculation is pretty straightforward.

Total maintenance cost = Total Labour costs + Cost of material parts + Miscellaneous Invoices

Labour costs: the number of hours technicians spend repairing or maintaining a property multiplied by their respective hourly rate.

Material parts: the cost to purchase parts, such as air filters for air containers, piping, etc.
 

Miscellaneous expenses: energy costs, supplier contractual costs, outsourcing, retainers, etc.

What are the property maintenance costs?

Repair Costs

As a landlord, it’s your responsibility to keep up-to-date with what repairs are needed to be made to the property. Plumbing and electrical repairs are common occurrences in any household. 

Most often than not, parts cost less than the actual work, as it is time-consuming to repair and requires expertise. Hence, your bill will depend on the complexity of the repair and the time it takes to get it fixed.

Refurbishment and Decoration

It is advisable to replace carpets every 5-7 years and that homes be completely redecorated every 5 years. However, if your property is looking particularly lived in after a tenancy, or you come across some questionable stains, you might need to redecorate more often. 

Therefore, being a good landlord and recruiting the ideal target tenant depends on keeping your home appearing clean and presentable for prospective tenants.

Interior Maintenance

This is a no-brainer, as this is where your tenants live. A water leak could be ruining the paint. If water collects somewhere, it could be a breeding ground for insects, especially in the warmer months. 

From plumbing systems to peeling wallpapers, the interior needs careful attention and must be attended to regularly.

Exterior Maintenance

Maintaining the exterior can also help you avoid long-term financial costs and structural problems in the future. For example:

Property Inspections

Inspections are an important part of property maintenance. It is especially crucial during a vacancy period. Regular inspections protect your property from theft, vandalism or damage from unnoticed leaks, preventing the need for extensive future repairs. Either you, the landlord or your estate agent can perform these inspections, at time slots, convenient for both you and the tenant.

Safety Checks

Landlords and property managers can provide safe conditions for their renters by performing basic safety and maintenance procedures. Safety checks will help you address risks before they cause high-cost damage. Or even cause some physical or psychological damage to the tenant, causing you in turn distress and making way for legal issues. 

Rental property safety includes keeping tenants safe from physical harm from insecure or damaged structures and reducing the threat of criminal intruders. 

Your Time

Landlords should consider investing in a full management service so they can get more time to spend on other aspects of their business. Otherwise, they will have to spend their own time taking care of the maintenance. It is very beneficial if you are renting out more than one property if you live abroad (so you are an overseas landlord), and if you never intended to be a landlord, to begin with (so you are an accidental landlord). It is, after all, your time and you should be wary of how you invest it!

How to reduce property maintenance costs?

Small unaddressed concerns can compound and lead to larger, more expensive issues down the road. Here are some smart ways you can save money while maintaining your property:

How can landlords benefit by partnering with Adjoin?

The Adjoin tenancy allows you to significantly reduce maintenance costs. How? By simply giving tenants skin in the game.

When tenants are looking to purchase homes and leverage our rent-to-buy offer, they test-run their probable future home. For landlords, our tenants are probable future buyers. This means that they have every financial incentive to take care of your property while renting it as if it’s already their own.

It has been proven (from similar models in the U.S.) that such tenants (future buyers) can drive maintenance costs down by 50%. Simply put, you can benefit from the network of trusted tenants of Adjoin, increase your earnings and lower your costs.

Want more details? Contact us at info@adjoinhomes.com We will get back to you within 24 hours.

How to

How To Maximise Profits On Rental Property 2023

If you are a landlord in the UK, you probably would have had this question in your mind: How to maximise profits on rental property? To make the most of your rental property, you should have the right strategy that generates more money, and increase the value of your property. 

It is a misconception among landlords that increasing the rent is perhaps the only way to be profitable. There are several things you can do to get the most out of your rental property. This article will show you how to make more money as a landlord while keeping your tenants happy. So read ahead! 

3 Actionable Tips to Maximise Profits On Your Rental Property

1. Reduce the Vacancy Period At Your Rental

No surprises here. When your rental property is vacant, it will not generate money. As a landlord, your main goal should be to retain tenants and reduce the vacancy period. Doing this will not only increase profits but also save time as finding tenants can be time-consuming. Not to mention the fees you need to pay if employing a real estate agent. 

Here are a few things you can do to reduce vacancy periods and maximise profits on your rental property.

2. Be wary of property maintenance and property management

Property maintenance is the biggest nightmare for landlords. Even though it is non-negotiable, regular property maintenance costs can easily go out of control. Some renters may overestimate repair work, and you should not agree to each and every maintenance request before checking it yourself.

Hiring a maintenance crew or company can be expensive, depending on how they bill their service. Sometimes you won’t need any repair work for a particular month but could end up paying a retainer. 

The best way to combat this is to do your own maintenance as much as possible. If there are minor repairs such as replacing, bulbs, doing it yourself could save you hundreds of pounds. It would be even more beneficial if you live near your rental, as it cuts down on transportation costs.

Do your own inspections and ensure everything works fine. Tenants do not always report damages – especially if you haven’t built a rapport with them. Indeed, about 46% of landlords say so! Damages that are left untreated now might escalate in the near future and incur higher costs for replacements and fixes.

This applies to managing your rental property too. It is easy to hire property managers, but not everyone can afford the bill. Yes, having your property managed by professionals gives you a sense of peace and is convenient. But it’s not so fun when they charge a significant percentage of your monthly rental.

However, this does not apply to all landlords, as it depends on expertise levels and availability of time. But whenever possible, getting your own hands a little dirty can significantly increase the net profit down the road and maximise profits on rental properties.

In case you have to hire professionals for maintenance, plan ahead and establish a trusted network of contractors and craftsmen immediately. We say this because accessing contractors is the second biggest challenge when it comes to property maintenance.

3. Give your rental property an upgrade

The more facilities your renters enjoy, the longer they are likely to stay. It will even increase the chance of getting a tenant who is willing to pay more.


An upgrade does require further investment, but it is a one-time cost. And since you can increase the rent after an upgrade, the returns will be more than what you get at present. 

Moreover, a property upgrade will increase its current value. And that’s something any property owner would like.

Here are some ways to upgrade your rental property and be more welcoming.

How Can Adjoin Help Landlords Maximise Profits On Their Rental Property

Most of the landlords we have spoken to say that finding a quality tenant is the biggest problem they have. Adjoin’s rent-to-own scheme comes in handy as the tenants we find have equal stakes in your property.

Our tenants rent your property with the goal of buying it from you after a test-drive period. Hence, maintaining the property is in their best interest, due to skin in the game.

Simply put, we find tenants who will pay higher rent and cost you less. As a landlord partnering with Adjoin, you get the best of both worlds.

Interested to know more? Email us at hello@adjoinhomes.com or drop your information here and we will contact you ASAP.