What No One Tells You About Buying Your First Home in New York

Ever heard the saying "hindsight is 20/20"? Of course, we all have. Apparently, nearly half of first-time homebuyers in New York are seeing things differently now. A recent survey revealed that almost half (46%) of people who bought flipped houses wish they hadn't. Turns out, those renovated spaces might come with a not-so-pretty price tag.

Money Talks

When New York homeowners look back on their first homes, many of them (46%) admit they were in the dark about the real cost of owning a place. From tax surprises to overspending, it was a real eye-opener.

Don't Skip the Scrubbing

Did you know that homeowners in the Empire State spend around 7 hours a week just maintaining their homes? Half of them wish they had paid more attention to maintenance needs when they were on the house hunt. They learned that some TLC now, can save you many headaches later.

Cash Crunch

Buying a home in New York is like diving into a pool full of unknown costs and surprise costs. Beyond the down payment and closing fees, there are many  financial surprises waiting for you. Just ask your homeowner friends that had their wallet take a hit from from unexpected renovation, and maintenance costs.

Oops, I Did It Again

When it comes to looking back on that first home purchase, it's easy to play the "shoulda, coulda, woulda" game. From wishing they saved more to regretting the overspending, New York homeowners wish they knew this important info before taking the homeownership plunge.

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If you're a New Yorker getting ready to buy your first home, remember this: it's not all rainbows and butterflies. Prepare yourself for the unexpected, budget your money wisely, and don't forget to give that home some love. With some foresight and caution, you can get through the twists and turns of homeownership like a pro.