How much do you need to move your home? If it is not the first time moving, you can attest that the process of moving home can be expensive and strenuous. Moving your home simply means packing all your belongings and relocating.
Also, there are possibilities of moving the home physically. It might seem impossible, but it is a solution that some homeowners see fit in certain situations. Many people are involved in moving your home: electrician, structural moving company, cleaning company, concrete company and a general contractor.
How much do you need to move your home
The cost of moving home can vary from one person to another depending on the activities involved and some obvious fees. Experts believe you only need between £9,000 to £12,000 to move your home successfully. The cost associated with moving your home includes the moving company, legal fees and estate agent fees.
If you are not careful, you can suffer from some lesser-known costs, which have the tendency of sneaking up on buyers. You need to have money ready for a survey, relocating your mail delivery services, the cleaning cost and temporary storage cost if you are relocating far or in the event of a breakdown on the road. Don’t relocate on a tight budget!
However, some costs will not spring in your mind when you plan to move, but there are important to know.
Legal costs
It is recommended to consult with a conveyancer or a solicitor to cover your legal part of selling a home or moving to a new home. Many people prefer a conveyancer since they are cheaper, but you need a solicitor to complete other deals like signing a title deed of trust. The fee will vary depending on the complexity of your property. It ranges from around £800 to £1500. Therefore, look around to get the best deal and the right solicitor or conveyancer.
Stump duty
This is the most common thing most buyers consider when purchasing a home. Stamp duty is in the form of a tax paid when buying a property over £125,000. The rate will change depending on the buyer’s status and property value. Make individual research to get the right and accurate figure of the stamp duty.
Survey cost
You need a survey to inspect your home for renovations or repair work. Surveys are not necessary, but they can help tire things up and plan the future costs. The price for getting a survey varies incredibly but starts from £250.
Moving company fee
When everything is taken care of, you will need to hire a moving company. Also, an extra hand and moving van will be necessary depending on the weight of your belongings, furniture and appliances and how much you are moving. Different moving companies charge differently depending on the distance and the number of your things being moved. Shop around to have the best services and deals.
Estate agent fees
It is the most expensive cost and is paid as a percent of the total property price (1.5 – 3%). Again, check around for the best quote. Hiring a mortgage broker is another cost that you need to have at the back of your mind when porting your mortgage. When marketing your property, it is a must to have an EPC certificate. The cost starts from £60.
Overlooked costs
Many people pay all the obvious costs and forget about small costs that can mess everything up. Mail redirection cost is an important cost but mostly overlooked. It protects your privacy and starts at around £40.
A cleaning company is required, especially when moving to temporary accommodation. As a result, you will need to add in the cost of storing your belonging for the time being. However, proper planning and research can prevent surprise costs. Self storage facilities have quickly become an attractive solution for people needing temporary items stored away. Offering units in various sizes, and typically charging per month. Be sure to get quotes from different self-storage providers in order to find the best price. Also look for facilities that offer extra services, like SecureSpace Self Storage that also provides 24/7 access for their storage units.
Factors affecting moving cost
Below are essential elements that determine the cost of moving your home.
• The cost of labour involved. You need to hire experts and extra hands to help you with the work.
• The distance. The far you need to move, the more it will cost.
• What is being moved. The more things you have to move, the more you need to pay the transport company.
