02 May 2016

Moving House: How to Plan Your Budget!

From removal vans to interior design, there are a lot of costs associated with moving from one property to another. It’s important to get the best deal for your money, and to use your budget effectively. No matter where you are in the world, moving is pricey, so properly planning your budget is vital.

You’ll have several things to consider, and several costs to account for. Before you begin the move, read through these steps and plan your budget carefully:

The Buying Stage

This is the most expensive, for obvious reasons. You have to factor in the cost of the mortgage, and the cost of actually running the property itself.

1. Remember your monthly bills. Gas, electricity, water, broadband, tax, home insurance, life insurance, and the mortgage.
2. Look for a mortgage lender that bundles in some insurance; this is usually cheaper than buying it separately.
3. Don’t forget that running a house also includes food costs too. You and your family need to eat!

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If you can afford to run the property, great stuff. Ask the current homeowner about their bill costs if you aren’t sure. Once you’ve planned for these costs, you have to budget for the fees involved with a purchase. These include, but are not limited to, conveyancing fees, solicitor fees, surveys and stamp duty. They can add up! These will also vary, so ask your lender for advice.

The Moving Stage

So, hopefully, you’ve found and bought the perfect property! You’re obviously going to need a removal van; that much is a given.

However, you should look for a provider that not only moves your stuff, but securely packs and stores it too. This will save you forking out for boxes and packaging equipment. Some moving companies will include this as part of their services, to take a look at your options!

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Also, if you can, look at getting some cheap appliances and furniture online. This is much cheaper than buying it brand new, and it also means you’ll have less stuff to move with you. Moving house is stressful, but you can minimize this effect with good planning!

The Settling In Stage

Just because you’ve bought the house and moved there, doesn’t mean the expenditure is over. Far from it! For starters, if the house needs any work, you’ll have to get that done. Urgent problems, like damp, should be cured right away. Other problems, like flooring, you can leave for a bit. You’ll also need to stock up on all the usual suspects, like china and cutlery.

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A big money saving tip for moving is to take a meter reading as soon as you move in. Then, contact the energy company and inform them that you have not used this electricity. That way, you will avoid any surprises in your first month’s bills! You can do the same with the phone line, water, and internet, too.

How do you plan a budget for moving house? Hopefully, this article helped you do just that. Thanks very much for reading!

1 comment:

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