‘Perfect’ house does not exist

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

No one likes to admit they bought the wrong house. But, it happens. Decades ago, one couple who live in the Oakland Hills in Northern California bought their first home because they fell in love with the setting. They were in competition with another buyer and had to make a snap decision. Soon after moving in, they realized that the house had a dysfunctional floor plan. There was no comfortable place to sit down for a meal; the kitchen was small and there was no dining room. A year and a half later, they sold the first house and bought another a few blocks away that had both an eat-in kitchen and a formal dining area. However, this house was too small and had only one bathroom. Two years later, they moved again. They got it right the third time when they bought a house that suited their long-term housing needs. This was an expensive way to learn what they needed in a home. The fees associated with buying three times and selling twice within less than four years amounted to more than $...