Why 31% of First-Time Homebuyers Regret Their Purchase and How to Avoid Costly Surprises

Buying your first home is a milestone many dream of, but for nearly one-third of first-time buyers, that dream quickly turns into regret. According to the Guardian Service Survey April 2025, 31% of first-time buyers have remorse about their purchase. This regret often stems from unexpected home costs and overlooked issues that can add up to thousands of dollars in just a few months. If you are feeling overwhelmed by the home buying process or worried about making costly mistakes, understanding why so many buyers regret their decision can help you avoid the same pitfalls.

Why So Many First-Time Buyers Feel Regret

The Guardian Service Survey April 2025 reveals some eye-opening statistics about first-time homebuyers:

• 31% of first-time buyers have remorse after purchasing their home.

• Among those who bought in the last two years, 44% regret their purchase.

• A staggering 66% faced unexpected issues, with an average cost of $5,356 in surprises within six months.

• 17% skipped a home inspection, and this number rises to 23% among lower-income buyers.

• Lower-income buyers are 50% more likely to regret their purchase.

  
  

These numbers show that regret is not just a feeling but a widespread reality for many new homeowners. The main reasons behind this remorse include unexpected repairs, hidden damages, and financial strain caused by costs that were not anticipated during the buying process.

The Hidden Costs That Lead to Regret

Unexpected home costs are the biggest culprit behind buyer remorse. These costs can range from minor repairs to major fixes that were not visible during the initial viewing or were overlooked due to skipping inspections. Common unexpected expenses include:

• Plumbing or electrical repairs

• Roof leaks or damage

• HVAC system failures

• Pest infestations

• Foundation or structural issues

  
  

For example, one buyer shared that within six months of moving in, they paid ₹5,356 in repairs they never budgeted for. This kind of financial shock can turn what was supposed to be a joyful experience into a stressful burden.

Skipping a home inspection increases the risk of these surprises. The Guardian Service Survey April 2025 found that 17% of buyers skipped this crucial step, with a higher rate among lower-income buyers at 23%. This decision often leads to costly repairs that could have been identified and negotiated before purchase.

How Lower-Income Buyers Are More Vulnerable

Lower-income buyers face unique challenges in the home buying process. They are 50% more likely to regret their purchase, partly because they often skip home inspections and may have less financial flexibility to handle unexpected costs. This group also tends to buy homes in areas with older properties or less thorough maintenance, increasing the risk of hidden problems.

For lower-income buyers, the financial strain of unexpected home costs can be especially damaging. It can lead to difficulty keeping up with mortgage payments, repairs, and other homeownership expenses, turning the dream of owning a home into a nightmare.

November 2025 Trends: Homebuyer Regret Is Falling but Still Widespread

By November 2025, the market has slowed down, and homebuyer regret is falling. However, millions of buyers still experience home buying remorse. The slower market means buyers have more time to research and negotiate, which helps reduce surprises and regrets. Despite this improvement, the problem remains significant, with thousands of searches monthly for terms like homebuyer regret (9,900 searches), home buying remorse (8,100 searches), regret buying house (12,100 searches), and unexpected home costs (14,800 searches).

This ongoing interest shows that many buyers continue to struggle with the emotional and financial impact of their home purchase decisions.

How to Avoid Regret and Costly Surprises When Buying Your First Home

If you are considering buying your first home or feeling buyer’s remorse, there are practical steps you can take to protect yourself:

1. Always Get a Home Inspection

A professional home inspection can uncover hidden issues before you commit to buying. It may cost a few thousand rupees upfront but can save you much more in unexpected repairs later. Don’t skip this step, even if you are on a tight budget.

2. Budget for Unexpected Costs

Set aside at least 5-10% of your home’s purchase price for unexpected repairs and maintenance. This financial cushion will help you handle surprises without stress.

3. Research the Neighborhood and Property History

Look into the age of the home, previous repairs, and the neighborhood’s condition. Older homes or those with a history of problems may require more maintenance.

4. Understand Your Financial Limits

Lower-income buyers should be especially cautious about stretching their budget too thin. Consider all costs, including property taxes, insurance, utilities, and maintenance, before making an offer.

5. Work with Trusted Professionals

Choose a real estate agent and mortgage advisor who understand your needs and can guide you through the process. Their experience can help you avoid common mistakes.

What to Do If You Already Feel Regret

If you have already bought a home and regret it, you are not alone. Here are some ways to manage the situation:

• Prioritize repairs that affect safety and prevent further damage.

• Create a realistic budget for ongoing maintenance.

• Seek advice from homeownership support groups or financial counselors.

• Consider refinancing options if mortgage payments are a burden.

  
  

Final Thoughts

The Guardian Service Survey April 2025 highlights a clear reality: many first-time homebuyers face regret due to unexpected home costs and overlooked issues. Lower-income buyers are particularly vulnerable, with a higher chance of skipping inspections and facing financial strain. While the market slowdown in November 2025 has helped reduce some regret, millions still experience home buying remorse.