Homeowners move for a variety of reasons, some of which are inevitable, such as new jobs or a growing family, and some of which are based on personal preference, such as living in a nice location. However, before deciding to pack your home and move, there are several things which you need to consider first.
1. Funding for Your Mortgage
When considering whether to move house, you need to think about your maximum price range and how this affects your mortgage. Most mortgages will cover the costs of your home if you are buying another property of equal value. However, if you are looking at investing in a larger and more expensive property, then The Money Hub, may be able to assist you with your new mortgage.
2. Type of House
It is also important that you consider the type of house that you are buying as this can significantly affect the costs involved.
- Many homeowners, for instance, have the choice of buying new builds and old builds, and this can affect the issues that you may have with your house. New builds may not be as structurally sound as other houses, but they may have lower energy rates due to their efficient devices. However, old homes are more likely to have character, but there are more common problems with electrics.
- You will also have the choice of flats and houses, and it is important that you decide between these to get the type of home that suits you. Flats are perfect for couples and can make great spaces if you want to live in the center of a city, whereas houses are better for growing families, and are more likely to have gardens for pets.
3. The Location
You should always try to view the house that you are buying, in both the day and night, to determine what the area that you are visiting is like: whether it is quiet, whether you feel sale, and whether you like it. You also need to factor in your workplace and the amenities in the local area. If the location is lacking in one of those ways, then you should look at whether there are efficient public transport options available for you to access, or a garage or drive for your own vehicle.
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4. Moving Costs
You also need to consider the costs of moving house and whether you can afford these. Moving costs that you need to consider can be anything from moving vans, storage while you move, and even transport. You should also consider the costs of hiring a solicitor to help to draft and communicate with the other parties involved in the transaction and any extra expenditure that this may incur.
To help with your transition, Moving Soon has curated a checklist for your reference.
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