Moving House Made Easy: Key Factors to Think About Before You Move

Scottish Mortgage Podcast

Moving house can be exciting, but it can also be a daunting task. There are several things to consider before making the big move. In this article, we will discuss the top things to consider before moving house.

The first step is to understand why you want to move. Some common reasons are moving for school, upsizing or downsizing, and separation or divorce. Once you understand why you want to move, it's important to assess your current situation and determine your goals for the move. This will help you decide where you want to be in the future and what you want to achieve from the move.

The next thing to consider is the costs involved. It's not just about the monthly costs of owning a new house, such as mortgage costs, gas, electric, council tax, and insurance payments. You also need to consider the actual costs of moving in. These include estate agent fees, solicitor fees, moving costs, broker costs, and stamp duty if you're buying a larger property. It's important to factor in all of these costs to ensure that you can afford the new house and the actual costs of moving.

Once you've assessed your current situation, determined your goals, and considered the costs involved, it's time to make a plan. Decide when you want to move, whether it's in the winter when it's quieter and you might get a bargain or in the summer when the market is busy and you can get top dollar for your house. Talk to a local estate agent to get an idea of what your house is worth and what you can expect to get for it.

In summary, before moving house, it's essential to understand why you want to move, assess your current situation, determine your goals, consider the costs involved, and make a plan. By taking these steps, you can ensure a smooth and successful move to your new home.

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