Moving home is expensive, and that’s been said so many times that at this points it’s a cliche. Nevertheless, it’s true. Moving home is probably one of the most expensive experiences you will ever encounter in your adult life. It beats booking that wonderful holiday to an exotic location. Or buying the new car that you just had to have parked on your driveway. First, you have to save up and pay the deposit. Then, you’ve got to find a mortgage deal, usually requiring the services of a broker. After that, things get even more interesting because there are solicitor fees and removal teams. It all adds up to quite a large amount. That’s not even mentioning the inevitable renovations that will take place when you move in. With that in mind, here are the best ways you can cut down the cost.
Bigger Deposit, Better Mortgage
Obviously, one of the biggest costs of moving home is the mortgage. Mortgage repayments can be a real killer, and you need to be aware of this. Don’t fall into the trap of taking on a dud mortgage that’s going to cost you a lot of money over the next few years. The best way to get a great mortgage is to save and put down a large deposit. Ideally, you should be aiming for a quarter of the home cost upfront. This means two things. First, you may want to reassess what type of house price range you are looking at. Second, you may want to consider saving for a little longer before you consider buying a new home.
Move It Yourself
Homebuyers can waste a fortune hiring removal teams that charge an arm and a leg for, what exactly? If you have the gear and a truck, you can do it yourself. Well, you can rent a truck and, if you’re worried about not being able to lift items, there’s no need. You can use appliance lifting straps that make lifting heavy items easy. These lifting straps are modestly priced so you don’t need to worry about spending a lot on them. Truck hire is often cheap too and if you are a married couple you can take one each. That way, you can save by not hiring manual labor.
Inspections And Surveys
When you buy a home, you’ll have to complete a survey to make sure there are no major issues. Surveys are expensive, and you may end up paying more than you need. Usually, that’s because you lose the first home you want to another buyer. But not before you’ve already paid for a survey. It’s annoying, expensive and it’s a problem you want to avoid. To do that, you should make sure once an offer is accepted the home is taken off the market. If they don’t agree to this, you may want to consider looking for a different home.
Price Check Everything
Last but not least, you need to check prices of different services that you use during the move. In particular, be wary of expensive solicitation fees. There are lots of solicitors that overcharge and you have to be careful that you don’t end up using one of these services.