Anyone that’s ever looked in the window of an estate agents will know that moving home can be extremely costly. However, while much of the focus goes on the price of purchasing a new house, there are a huge number of other moving costs that fly under the radar.
For anyone trying to budget accurately for their move, it’s vital that every potential outgoing is considered. So, if you’re looking to move home, here are some hidden costs for you to be aware of.
Image source: By Lisa Risager from Denmark (Almost done) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons
The move itself
The physical process of boxing up your old home and moving all your items to your new property can get lost in amongst all the chaos. When you are choosing a removal firm there are certain things to look out for in order to save some cash.
Search online for local movers that have a good reputation among their customers and take particular notice of their policy on packaging. Will they provide you with additional materials to help protect your precious family heirlooms, for example? All these little costs relating to the moving process can add up, so shop around for the best price.
Paying for buildings insurance is often a legal requirement made by your mortgage lender, but even if not, you’re likely to want to protect your home from fire, floods, or any other unforeseen damage.
In addition, you might want to invest in contents insurance to protect your personal belongings and life insurance can also help your family members to pay off the mortgage in the event of your passing away.
Legal and surveyor fees
The administrative fees associated with moving home can seem pointlessly high, but there’s no way of getting around them. Legal fees and surveyor fees will have to be paid and in the case of the latter, it’s not really worth cutting corners. A good quality survey could help identify any potential faults in your new home and save you thousands on future repairs.
If you’re moving from rented accommodation, owning a home can come with some very unexpected costs. Instead of simply phoning your landlord to ask for repairs, you’ll need to stump up the cash yourself – and these may range from fixing a leaky tap to fitting a whole new boiler.
Even if you already own your home, moving to a new property can introduce maintenance costs that you hadn’t expected. Even if you’ve carried out due diligence, issues relating to your new home may not appear straight away – leading to repair bills that you couldn’t possibly foresee.
Getting the right look
Apart from in those rare circumstances where you find your dream home, most moves will need to be followed by some redecorating.
New homeowners usually want to put their stamp on the property and so this will mean paying for some professional assistance, or at the very least, buying the paints and other equipment you need for your own DIY home improvements.
Moving house is an exciting time but also a stressful one, so don’t let those pesky hidden costs ruin your big move.
*This post was contributed. Family friendly posts are welcome.