Few people regret buying a home that is too big. Yet, experts say homeowners often feel they bought a home that feels too small. The issue of size comes into play when looking at Boulder, CO luxury living and whether or not to choose a single-family home or a condo. Some condos and townhomes are just as spacious as single-family homes, but don’t provide the green space some buyers want. According to a recent Redfin study cited by a US Finance Post article, one in four people in the U.S. said they would not buy the same home again if they could turn back the clock. By having an experienced and trustworthy Realtor how knows the different Boulder neighborhoods as well as amazing luxury homes for sale, it’s possible to completely sidestep buyer’s remorse issues.
Prioritizing your wants and needs
Many home buyer mistakes can be circumvented by having a priority or must-have list. If you know you are going to want a low-maintenance home, opt for a townhome or condo or perhaps a patio home – there are quite a few luxury patio home communities in the Denver area. Some of the amazing condos for sale in Boulder include urban condos with a stainless steel and glass circular staircase with a modern vibe as well as two master suites and two kitchens for about $2.7 million. Some townhomes offer more than 3,500 square feet of living space, custom finishes, coffered ceilings, private elevators and views of the mountains.
Knowing yourself and your future
Many of the people who enjoy Boulder, CO luxury living are retirees. According to the study, homeowners aged 65 and older have the least buyer’s remorse with 85 percent content with their home decision. Women and homeowners with children under 18 have the highest level of buyer’s remorse. If you have a growing family, it may be better to err on the side of more bedrooms, bathrooms and a home with more square footage. Think about your future needs as well as your current needs. If you may have aging parents move back in or boomerang children, you need more bedrooms and separate living quarters for long-term guests.
Using a knowledgeable Realtor
The survey showed 89 percent of people who bought or sold in the past decade used a Realtor. While a high number of members of Generation X (ages 35 to 44) said they loved working with a Realtor, a smaller number of Millennials (ages 18 to 34) felt the same way. Although some younger buyers may think they can take a do-it-yourself approach to buying a home, they may run into more complicated real estate transactions as they grow older and can afford more expensive homes. Experts say Realtors know how to handle flash sales, bidding wars, inventory crunches as well as drastic price jumps or drops.
For more information on Boulder, CO luxury living and how to avoid buyer’s remorse, please contact us.