Skip to content

Some homeowners regret buying their property

Rental Property

Nearly half (44%) of British homeowners would not buy their home again if given the chance, research from home interior company www.Hillarys.co.uk found.

This is typically due to issues with the house like heating and plumbing (59%), as well as the size of the house (43%) and having troublesome neighbours (34%).

Less common reasons are not liking the area (29%), or wanting to live closer to friends and family (25%).

Tara Hall, a spokesperson for www.Hillarys.co.uk, said: “Our homes are supposed to be the place we feel happiest, it’s such a shame that most Britons said they wouldn’t want to buy their home again.

“When you are buying a home you want to be completely sure you are happy with it; it’s such a huge financial investment to be making.

“Make sure every evaluation is done so you aren’t stuck with any nasty repair bills and look up the local area to see what others are saying. Do not feel pressured into buying a home you are not sure about and don’t buy one for the sake of buying one.”

“Buying a home is probably one of the biggest and most important things you’ll do, so it’s sad to see that so many people regret their choice afterwards. The process of buying can be so stressful, sometimes it’s easy to feel forced into a decision, or miss key information about the house.”

Those who lived in terraced homes were most likely to not want to buy their home again (39%), with semi-attached (29%), detached (25%) and a bungalow (13%) following.

Over half (56%) felt they had rushed into buying their current home due to reasons including pressure from family members (39%), or pressure from a partner (25%).

Topics

Related