Sure it’s a major part of the American Dream and can be a very intelligent long-term investment but up to 60 percent of homeowners have experienced some degree of buyer’s remorse with a full 25 percent saying they actually regret buying their home.

Some common misgivings include:

• 30 percent say they were not prepared for hidden costs such as property taxes and utility. bills
• 32 percent say their home is either too small or is missing essential features
• 40 percent say their new home is too expensive to maintain

For many, the allure of an older home is undeniable: the charm, the beauty, the character. But, as with all things, aging can have its pitfalls. A few things to consider before purchasing an older home:

• The foundation: A band. foundation means the structural stability of the home is compromised which can be a huge expense down the road. Check this first.
• Plumbing: Plumbing in poor condition can also be a huge expense as time goes on. Get an accurate assessment of the condition of the plumbing.
• Electrical system: Outdated equipment should be updated before you move in.
• Energy efficiency: Newer homes are much more energy efficient. Get an accurate idea of the home’s insulation as well as the efficiency of older appliances.