Moving house is an expensive business. And sadly for many in the UK the price of changing your abode has gone up again this year.
The Sun recently highlighted data from Lloyds Bank, which estimates that the average cost of moving house in the UK has increased by £486 compared to last year. When taking into account stamp duty, estate agent and solicitor’s fees, and removal vans, among other things, the total is now £12,110.
But it’s important to remember that this is the average amount people spend, and there are ways of reducing your expenses.
You won’t be able to do much about stamp duty, but by shopping around you could find you get a better deal on estate agent’s fees. Another thing to think about is how much packing up you’re prepared to do. You can pay removal companies to do the packing for you, or you could save yourself some cash and do all the legwork yourself.
Another top tip from the newspaper is to sell any furniture you don’t want to take with you. Aside from reducing the cost of your move, it could help you rustle up some extra cash. Use the likes of Facebook Marketplace or eBay to shift some of your nicer, unwanted items.
Once you actually get into your new property, you may be keen to do a full-on renovation. This can, of course, be expensive, and you may want to look at where you could reduce your outgoings.
Paying for bathroom sink repairs, for example, could save you having to buy a whole new suite. But it’s not only your new property you should look at sprucing up. Research conducted by Key recently found that doing small home improvement jobs around your home before you put it on the market can help you find a buyer more quickly.