While moving home can be one of the most exciting events in our lives, it can also be among the most financially challenging. There are all sorts of fees associated with uprooting and moving house which can lead to unnecessary stress and expense, especially for first-time buyers.
What can you do to minimize costs and save precious pennies when arranging a move?
1. Moving isn’t cheap
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With the cost of moving house in the UK hitting a record high in 2021, it’s never been more costly to up sticks and move to a new property. While this figure has reduced slightly to £11,777 in the years since movers still face a range of obstacles when it comes to saving for a new property.
As well as a competitive and turbulent private housing market, you’ll have to face a wide range of costs including removal fees, insurance fees, stamp duty, legal fees, estate agent fees, and survey fees but how can you stay ahead of the game and save as much money as possible when planning a move?
2. Seek out quotes for services
To minimize outgoings, reduce spending, and save money ahead of making the move, ensure that you seek out quotes for all of the necessary moving services well in advance. By comparing conveyancing solicitor fees and finding a reliable and cost-effective provider to take care of the legal aspects ahead of time, you should be able to make considerable savings later down the line.
Don’t be afraid to shop around and remember that the cheapest option isn’t always the best.
3. Budget for fees
Once you’re armed with a set of reliable quotes for moving services, you’ll be able to create a realistic budget to cover the necessary costs. Remember that moving fees are numerous and can be expensive the most important and potentially costly of these include legal fees, estate agent commission, and stamp duty.
Ensure that you have some extra space in the budget to account for unexpected or hidden fees on top.
4. DIY and get proactive
One of the easiest ways to save money when moving is by limiting the number of unnecessary outside contractors you make use of. This could include packing, unpacking, or conducting removals yourself with a hired van or your everyday vehicle.
5. Declutter and resell
While removing the clutter from your old home is an essential part of packing and arranging your possessions for a move, decluttering could even help you to turn a profit and save money ahead of the big day.
Consider selling pre-loved bulky, expensive, or unused items on a reselling site to create extra space and make your home more attractive to prospective buyers – you could be surprised at how much money you make.