Why it pays to get organised for your Big Move
MOVING home? Well, our Head of Sales, Alan Bradley, encourages
you − and all first-time buyers − to look at the bigger
picture when it comes to counting costs.
His reminder to homebuyers follows the publication of a new
study that suggests three out of four of you underestimate how much
you'll end up spending on the Big Move.
It's not the mortgage deposit, the regular monthly payments or
even the solicitor's bill that tend to throw out the sums. No, it's
unplanned outlays such as breaking contracts with broadband
providers at your former address that can push you into the red,
according to a quarter of movers quizzed by one of the leading
online estate agents.
Even more people − around a third − say it's the cost
of decorating and, in the case of older property, household repairs
that pushed them over their budget. Cleaning bills (16%) for former
rented homes and even takeaway meals (11%) through the moving
period were also cited as major unexpected costs.
It all adds up to unwanted stress at what should be a happy
time, says Bromford Homes shared ownership expert Alan, and that's
why he advises you to spend time and trouble on your homemoving
budget − like these customers working things out on their
"These findings highlight the need for homemovers to get
organised. You've got to look at the bigger picture − and that
means thinking about every potential cost when moving home," says
"According to the survey, one in four households underestimate
the cost of moving by £800 or more. That's a lot of extra money to
find − and something you certainly don't want to be worrying
about at what should be a really happy, exciting time for you and
"If you're buying your home, you'll have to go through a really
detailed breakdown of your household spending with the mortgage
lender. And, in the case of shared ownership, we work really
closely with every buyer to make sure the deposit and total monthly
cost is truly affordable.
"The surprises seem to come from other areas that movers may not
think about such as getting out of broadband contracts and the cost
of pizzas (above) and other takeaway meals while you're packing up
"It pays, of course, to shop around for the best-value solicitor
and removal firm − and my advice is to make sure that you have
a contingency fund just in case."
For useful tips and guidelines about moving and the overall cost
of buying home, try the Money Advice Service, a free and unbiased
source of information set up by the government.
01 October 2014