I don’t know your finances, but I don’t think I’d be able to take a $30k hit on a house I JUST bought. If it were me, I’d plan to live there for 3-5 years, try to love it - then re-evaluate. I’ve never lived in a BRAND new home, it sounds amazing – I love my home (built in 1885)… but some days I’d kill for new EVERYTHING!!

Is the current vinyl fence in good condition? If so, you probably won’t have to replace it for many years. I have no knowledge about the costs of a pond, maybe ask a professional, or look into filling it in?

I think it’s normal to worry about spending X-amount of money on a home, even scarier if you need 2 salaries to pay for it – which is EXTRA scary these days with so many people losing jobs. But hopefully you did the math, calculated what you could/could not afford before making the purchase.

Good luck!! Post pics of your house & pond - I bet it's beautiful!!!

Hi Paul, it's not an actual pond. it is for stormwater maintenance, so the water runoff from the roads, houses, and sidewalks in the neighborhood drains into there when it rains. It dries up pretty quickly. there is no idea to know if anything will go wrong with that system, but if it does, we have to pay for them. usually, they are owned by an HOA or the Township, but not in this case. the builder planted a bunch of trees and it is over-planted. apparently the people who lived behind it were mad about the development going in, so they planted trees to make them happy. but, we cant let all of the trees get big, and tree removal is expensive. you have to keep the "pond" free of debris and if there is ever erosion or sinkholes, or repairs needed to very large drains, we pay out of pocket. fence is new but in 20-30 years, i really wont have 20k on fencing when im replacing a roof and hvac system, etc in the house. we may just cut our losses now and move on. it just doesnt feel like something i know anything about (stormwater management) or want the respomsibilty for after all. i kept trying to tell that to my husband, but he said im worrying too much. however, i cant stop worrying about the expense. we would also be liable if someone drowns or hurts themselves on the property. we were advised to post no trespassing signs. that doesnt give me a warm and fuzzy and another couple wants the property.

Hmmmm, well it doesn't seem right that run-off from the entire neighborhood goes to your land & you are responsible for the upkeep. Was this made clear before you purchased the house? I guess I'd talk to a professional to get a better understanding of potential costs. A brand-new house probably won't have much up-keep costs for 10+ years, if it were me I'd live there for a while then think about selling if I'm not happy. I'd just hate the thought of losing $30K on an immediate sale. But if you've already made up your mind -- good luck convincing your husband :-)

thanks. yes, i knew this up front, but after I did more research did i find out that there can be issues that require maintenance. the issue with living there for a while is that houses with these ponds dont sell easily. and, we have a buyer now, so may be best to let it go. we can make some money on the sale and are paying a lower commission. i already know i will just be counting down the days until we can resell it.

Every house has issues. You are having buyer's remorse. It's common when you make a large purchase. Who is telling you that the house is "hard to sell"? Is it someone who has an interest in selling your house now (such as a real estate agent or family member)? I can't tell you what to do. That's on you. Did you not know all of this information before you bought the house? What is different now than before when you agreed to buy the house?

yes, the real estate agent told us prior to buying that the pond will be a deterrent for future buyers. i did know this going into it, but for some reason i have a lot of anxiety just thinking about maintaining it, and if there are ever issues with it. i know it seems crazy, i dont know where my anxiety is stemming from, other than the fact that it i was previously a little leary, but husband kept saying i was worrying too much and that it just needs mowed, which is a big job. i think my excitement about the house and low interest rate were somewhat counte-acting the anxiety i felt. all i can say is we are in the middle of a pandemic, it was not a cheap house, and i currently own a townhome with low maintenance. going into this is scary during a time of uncertainty, along with being cooped up in the house for months now. i think its all just too much. is this normal?

great advice, thank you very much!

Sorry, I just changed it slightly. I took out the last part. Good luck, I hope it works out for you.

thx

I’m wondering what happened too! With the housing market the way it is now, if she bought and just waited a year she may have been rolling in offers.

Following “sushipup2” 😉

You worry for a reason, because it is a financial risk and responsibility. but losing 25–30k is also painful. the main thing here is not a bet, but that the house is on the edge of the budget and you do not feel calm. first find out the real costs, if the fear does not pass, then it is better to sell and lose money than living in constant stress

From my own experience, I will say: anxiety after such a large purchase is normal, especially because of the technical nuances with the reservoir. It is important not to rush to resell at a loss, but to first stabilize the emotional state in order to make an informed financial decision.At such moments, it is critically important to have support and be able to relieve the psyche. I was helped by an article on , https://betterme.world/articles/wellness-program-for-employees/which talks about methods of maintaining mental health. When you calm down, the way out of the situation will be faster. Take care of yourself!