GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Couple buying a house with a real estate agent.

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.

What are five reasonswhy you may not want to buy a starter home?

facebook sharing button

According to HomeGuide, gutting and remodeling a house could cost anywhere from $100,000 to $200,000.

Amidrange major kitchen remodeling projectcost an average of $77,939, but it only added $32,574 in value.

While you may feel that the home upgrades are worth it, potential homebuyers may not agree.

twitter sharing button

This is money that you have to spend on top of the closing costs and other initial investments.

The home you purchased with your partner may not be enough when you add a pet and some children.

More From GOBankingRates

Share This Article:

The Latest inInvesting

linkedin sharing button

email sharing button