Location and "the immovable object". The one thing about a home that cannot be changed or "renovated" is its location. If you are considering an area further away from work, avoid assumptions about commute time. Drive the distance or take public transit a few times. Talk to commuters to learn the greatest inconveniences and other practical realities. Expect commute times to increase. Talk to real estate professionals with experience in your desired locations to learn about available transportation alternatives.
Invest time and effort in selecting the best real estate professional to help you achieve your regret-minimized home purchase. The transportation example in the previous bullet reveals how to accomplish two research goals at once. Do the work to make sure the professional's knowledge and expertise are put to good use heading off regret.
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