Nearly two-thirds, or 64%, of millennials (ages 25 to 40) say they have at least one regret about purchasing their current home, according to a new poll of more than 1,400 U.S. homeowners from Bankrate.
Only about 45% of Gen X (ages 41 to 56) and 33% of baby boomers (ages 57 to 75) reported having some type of remorse about their current home, the survey found. But overall, having some dissatisfaction is pretty common: about 43% of all homeowners have at least one regret about their home.
“These purchases, even for those who are well qualified, can be a leap of faith,” says Mark Hamrick, Bankrate’s senior economic analyst. People tend to focus so much on actually being able to buy a home that many times there’s a sense that everything else will resolve itself once the initial purchase is completed, he says.
“The reality is that it’s just the beginning of the homeownership experience,” Hamrick says. After the initial excitement has worn off, many homeowners are left with a regret or two, something they wish they’d done differently.