While moving home can be an exciting time and the beginning of a new chapter, it can also be expensive. There are numerous expenses that you inevitably incur when you move house, so it is important to be aware of what these are and how much they might cost so that you can plan ahead and avoid any nasty surprises. Here are a few of the main hidden costs to factor into your move.
Stamp Duty & Legal Fees: More Than You Might Expect
A few of the major costs that people may overlook when moving are stamp duty and legal fees. How much you pay depends on the property, and first-time buyers get some relief, but it is important to work out how much you will owe ahead of time and factor this into your moving budget. Additionally, conveyancing fees can be high, especially if there are legal complexities that arise.
You might have to pay for land registry fees, local authority searches, and surveys, depending on the location and solicitor. If so, the overall legal cost will be increased. Therefore, before moving home, you should collect different quotes and compare prices.
Removal Costs: Van Hire or Full Service Help
The cost of moving your possessions can also be high, especially if you have a lot of stuff. Hiring a full-service removal van will be the easiest method, but it can also be a huge cost. This is why many opt for hiring a van and enlisting a few loved ones to help move, but this can be a lot of work and add stress. A man and a van service is often a good solution that is more affordable but still gives you professional help.
Cleaning, Redecorating, & Last-Minute Repairs
There can also be a few costs when you move out of your current place. These include professional cleaning, redecorating, and last-minute repairs, which can add to your overall moving expenses.
Temporary Accommodation & Overlap Periods
It is rare for things to align perfectly, which means that sometimes you will need to arrange temporary accommodation if there is a gap between moving out or in. Alternatively, you may find yourself paying for an overlap period on both properties, which can significantly add to your expenses.
Personal Touches: Decorating a Brand-New Space
You will also want to make your new space feel like your own, so there will be decorating and furnishing costs to factor in. New build homes tend to come with fitted kitchens and integrated appliances, which means you will not need to budget for a new oven, fridge, washing machine, etc. In some cases, developers include free flooring or upgrades like premium tiles or carpets, removing the need for additional spending once you move in.
However, even after all these included features, you still have to buy certain things to decorate your new home, such as curtains, light fixtures, and even sometimes wardrobes, especially when there is a lack of storage space. These small extra costs can increase your overall moving costs significantly.
This post should help you prepare for the costs of moving and creating a budget that will cover all of the expenses. Moving home can involve numerous expenses that can quickly add up, so it is vital that you are prepared for these and have enough money to comfortably cover them for a smooth and successful moving process.