Monday, 25 September 2017

Moving Home: Extra Costs To Consider

Moving home is an exciting thing to do, shopping around for houses and for new furniture is incredibly fun for anyone. Whether you are first time buyers or newlyweds, owning your home is a huge responsibility and there are a few hidden costs to think about.

Solicitors Fees

The first thing which hits you when you decide to buy a home is the attorney's fees. They can be very high and cover drawing up your contract, exchanging to the seller and all of the other legal bits in between. It would be worth referring to your family or friends to gain a good recommendation for a solicitor to use. You don't want to pay through the nose, but it pays to get a quality service. Find the balance.

Home Buyer's Report And Repairs

Once you have been in to see your mortgage lender, you will be required to get a home buyer's report done on the property to make sure that the property you intend to buy is worth them putting a mortgage on. It may be that when your report comes back, there are certain repairs which show up as required. If so, you or the seller will have to budget for these repairs.

Stamp Duty

Stamp Duty is land tax, which unfortunately everyone has to pay on their property upon purchase. The cost of stamp duty depends on the value of the house, and you can find out what it will be here:

Home Insurance

As with all other forms of insurance, home insurance is a legal requirement when you purchase a property. You can opt for different policies which will either only insure the building, or include its contents too. It depends on what you can afford, but be mindful that it is better to insure for your contents if you can handle the extra cost.

Moving Costs

Wehn we have finally made it through all of the legal checks and reports; it's time to stock up your house and store your belongings in a safe place until you move. Companies such as will offer storage solutions to allow you to begin purchasing furniture and appliances for your new home. It will take the stress off and allow you to prepare for becoming a homeowner without cramping up your current living space.

Once you have a date, you can arrange how you will move your belongings over to your new home. You can either rent a van and do it yourself, or hire a movers company to do it for you. It depends on how much stuff you have and the budget you are on, but it can add to your total cost significantly.


If you are a first-time buyer, it may have slipped your mind that the moment you step into your new home, you need to pay for the electric, gas and water. Most of the time, you will be able to call up the previous occupant's supplier and simply ask them to continue the service while you shop around, but be mindful and do some research. If you want to be able to watch the TV, you will also have to look into a broadband and TV package for your home.

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