With the stamp duty holiday encouraging considerable activity in the housing market, many people are looking forward to moving home soon. At Stones Residential, we are pleased to say we have helped many buyers and vendors in and around Stanmore, and if you are looking to move, we can help you.
One of the most important stages of the moving process is a property valuation. If you want to enter the market with confidence, call on us and we will arrange a property valuation for you.
We know the thought of saving money has persuaded many people to enter the market. However, while you can save money on reduced or removed stamp duty fees, there are additional costs of moving home.
Are you prepared for additional moving costs?
Research carried out by MoneySuperMarket suggests the average household spends close to £700 in hidden fees when they move home. With the same source finding 19% of British people move a minimum of nine times in their life; the potential lifetime expenditure on hidden fees is over £6,000.
The top six most common additional fees for British home movers are:
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Bedding and kitchen utensils, cited by 53% of respondents
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New furniture, also cited by 53% of respondents
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The cost of having mail re-directed, listed by 39% of respondents
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The cost of having Wi-Fi installed, said by 36% of respondents
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Having to change bill providers, named by 34% of respondents
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24% of respondents listed the cost of removal services
The study also uncovered the three most common reasons for moving:
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31% of respondents saying they want to own their own place
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29% cited moving in with a partner
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28% saying moving to a larger home
Kate Devine is the Home Insurance spokesperson at MoneySuperMarket, and she said; “With the housing market boosted by the Chancellor’s stamp duty holiday, many of us are considering moving home. Whether you’re buying or renting, make sure you’ve factored in all the potential costs you expect to incur.”
Kate continued by saying; “If you’re buying a home, our research shows that it’s not just stamp duty, legal and estate agency fees that should be on your checklist, but also things like cleaning, new household products, temporary storage space and professional movers to make sure your treasured possessions get from A to B safely.”
Kate Devine concluded by saying; “To protect you in case things go wrong when you move, we would recommend you have contents insurance before transporting your items to their new home – most policies will provide cover for your belongings against damage or loss while they’re in transit from one property to the next. But make sure you use a professional removals firm – many of which have their own insurance – to guarantee you benefit from this protection.”
Whatever your circumstances are, or what move you would like to make next; we are here for you. Stones Residential prides itself on offering the best standard of service to our clients, and we work hard to help you achieve your property goals. If you would like to arrange an appointment or get more details on how we can help you sell your property, contact us today online or by calling us on 020 8954 0045.
