Thinking of moving? How much will it cost?
Moving house involves several costs that can add up quickly. Here's a breakdown of the main expenses you might encounter to save any surprises.
1. Estate Agent Fees
If you use an estate agent to sell your home, you'll typically pay a commission. This can range but the average is 1% + VAT.
2. Conveyancing Fees
These are the legal fees for the transfer of property ownership. On average, conveyancing costs around £1,743 for buying and £814 for selling.
3. Stamp Duty
Stamp Duty Land Tax (SDLT) is a significant cost when buying a property. The amount varies based on the property's price, a good place to check this is with an online 'stamp duty calculator'.
4. Property Surveys
Surveys are essential to identify any issues with the property you're buying. The cost can vary, but on average, it’s around £488
5. Removal Costs
Hiring a removal company to transport your belongings can cost around £1,044 but will vary depending on how far you are moving and how much you have to move.
6. EPC (Energy Performance Certificate)
An EPC is required when selling a property and typically costs around £100 + VAT.
7. Postal Redirection
Redirecting your mail to your new address can cost around £41.50
1.8. Miscellaneous Costs
These can include things like cleaning services, temporary storage, and any minor repairs or renovations needed before selling.
Moving can be expensive, but planning and budgeting for these costs can help make the process smoother. If you have any specific questions or need more detailed information, feel free to ask!
