Buying a house is a struggle for a lot of people because prices are so high right now. Finding the money that you need for a deposit will take a long time and some good financial planning. But a lot of people forget that moving house costs money as well, and when you’ve already spent everything you have on a deposit, you might struggle to cover the cost. It’s important that you think about the actual cost of moving and budget for it, so you can make sure that you can afford it all. These are some of the costs that you need to remember.
The Added Cost Of Buying A House
When you buy a house, it’s not just the deposit and the mortgage payments that you have to think about, it’s all of the added costs as well. When you are choosing a house, there are a lot of things that you should look for, but one of the most important things to watch out for is any potential damage. If you’re buying an older home and there is some serious damage, it could cost you a lot of money in the future. But you can’t always spot these things, especially if they’ve been covered up by the previous owner. That’s why you need to pay a surveyor to come in and take a look for you. As well as the surveyor, you will have to pay all of the estate agent’s fees, and there are usually conveyancing fees for signing all of the paperwork. A lot of people forget these added fees and find that the overall cost of buying a house is actually quite a bit higher than they expected it to be.
Once you’ve bought a new place, you need to get all of your stuff over there, so you’ll need to pay for a removals company. You could save yourself some money and go for the cheapest company you can find, but they’re not going to be reliable and you may end up replacing a lot of stuff that gets broken along the way. If you want a stress-free move, you need to hire the best movers that you can find. It will cost more, but it’s worth it for the peace of mind.
This is one that people always forget to consider because they don’t think that it’s going to be that expensive. But cardboard boxes aren’t as cheap as you think and if you have to buy a lot, plus all of the packing tape and bubble wrap for fragile items, the cost can quickly add up. You can save a bit of money if you can source some materials for free, but you should still factor the cost in.
You’ll probably want to do some decorating when you move into your new house, and that can be expensive as well. A fresh coat of paint isn’t going to be too expensive but if you want to do anything beyond that, the costs will quickly start to stack up. You don’t want to get halfway through a job and run out of money, so make sure that you budget for your decorating before the move.
As long as you remember to consider these costs when moving house, you should be able to manage your budget well.