Millennials who snapped up homes in the hot real-estate market reveal their biggest regrets, from unexpected costs to high mortgage payments

A new Bankrate survey found that 64% of millennials regret buying their current home, with most citing hidden maintenance costs as a main factor.

The frenzied market has led many buyers to snap up homes, skipping inspections and due diligence. Photo: Smith Collection/Gado/Getty Images

By Avery Hartmans

Millennials who may have rushed to snap up homes during the pandemic are beginning to regret their purchases after discovering sky-high maintenance costs and a mortgage that’s too expensive.

According to a new survey from Bankrate, 64% of millennial homeowners are experiencing regret after buying their current home, mostly due to unexpected costs. Bankrate surveyed 1,425 homeowners between April 21 and April 23 and found that 41% of homeowners overall are feeling dissatisfied in at least one area.

Among homeowners between the ages of 25 and 40, their biggest regrets range from the size of the home to the location:

• 21% of millennials said the maintenance and other costs are too high
• 15% said their current home is in a bad location
• 14% said they bought too big of a house
• 14% said they bought too small of a house
• 13% said their mortgage payment is too…