One in ten (10%) of UK home owners regret buying their home according to research from Ocean Finance.
Whilst 90% of people don’t regret their purchase one in ten homebuyers do with the main reasons being that they rushed into it (28%), they don’t like their neighbours (20%) or they don’t feel their home is big enough (16%).
The older you are the more likely you are to make a considered buying decision it seems.
Just 5% of people over 55 regret purchasing their home, compared with 23% of people aged between 25 and 34.
Even people who don’t regret buying their home may not actually like it. 43% of homeowners questioned for Ocean said that they liked everything about their houses.
However over half (57%) disliked one or more aspect of where they live.
Ian Williams, Ocean spokesman, said: “The key lesson from our survey is to spend more time choosing a house before you buy.
“Getting to know the area and the neighbours before committing is really important, as is making an honest assessment about the amount of work that the property needs, how big it is and whether it will suit you not just now, but as your family grows.”