How To Budget For A House Move

Moving home is an exciting time, the chance to start again in a lovely new property, and sell your home for a nice return on your investment. Moving to a new place can be pretty expensive, if you’re looking to stick to a budget, and keep costs down, take on board these key ideas.

Write up your costs

To budget for a house move the first step is to write up all your costs. You’ll have a range of upfront costs including surveys and valuations, insurance, legal fees, a deposit, and broker fees, and mortgage costs.

Later you’ll also have costs like storage, removal companies, and cleaning fees, and packaging items. Write down all your costs and create an approximate figure. Understanding all your costs will help you to budget and potentially make savings. Once you’ve got an idea of your expenses, it’s easier to plan accordingly with the rest of your monthly costs.

Compare moving companies

To help you keep costs down it’s a good idea to compare several different moving companies. Making comparisons will help you to find the best quote, and save money. When you’re choosing a moving company you should check the reviews and testimonials. You’ll want to choose a company that has great ratings and lots of experience. Check if your potential moving company offers insurance coverage, or if you’ll need to purchase this yourself. Ask if packaging services are included, or if these can be added as an extra.

Strategies to save

There are plenty of ways that you can save money when moving home. Here are a few key ideas to help:

  • Use a budgeting app to help you arrange and oversee your costs.
  • Clean your property yourself instead of hiring a cleaner.
  • Try to source packaging boxes for free (ask grocery stores etc).
  • Start saving up money well in advance of your house move.
  • If you need storage options, consider asking your friends and family.
  • If you can’t find any free storage options, research storage facilitates to compare prices.

Find the right realtor

When you’re budgeting for a house move you’ll also need to budget for the realtor fees. If you hire a realtor then you have to pay them a commission. Realtor commission covers the costs of pricing your home, marketing your home, negotiating with buyers, and so on. Before you choose a realtor, it’s best to have an idea of their fees. Take a good look at their reputation, and ensure that you ask the right questions, to assess their credentials. Choosing the right realtor is one of the most important parts of moving home.

Moving home involves plenty of different processes, from finding new Mortgage Quotes, to decluttering your belongings. To ensure a stress-free experience, start getting prepared early on. With these key tips, you’ll budget for your move, and make some nice savings along the way.

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