How to Save Money When Moving House
The cost of moving house in the UK continues to rise so it makes sense to try and make savings where possible, whether is by hiring a van or switching to an online estate agent.
The average cost of a house in the UK is around £320,000 meaning stamp duty will set you back a cool £6000 before you even begin to consider paying legal fees and agent costs.
Consider opting for a self-drive van instead of a removals company
Consider using a hire van instead of a removals company, if you are lucky enough to have friends or family that can lend a hand a self van hire can be a really cost effective option. There are many companies such as this van hire company in Norwich, that offer free additional drivers and fully maintained vehicles for a very competitive price. Whether you opt for a removals company or a self-drive vehicle, it is always worth shopping around to ensure the best price and hire terms.
Save on your estate agency fees
High street estate agents can charge anywhere between 1.0% and 3% of your house sale, so it makes up a sizable chunk of your move costs. That’s why online estate agents are such a popular choice to try and reduce fees. But are they a sensible option, or are there more cons than pros.
Online estate agencies will inevitably prove cheaper than a high street branch, if you house is being listed for a high price, thanks to fixed fees you will gain a higher percentage of savings compared to a high-street branch.
Large call centres and longer opening hours are a benefit of an online agency if you require their help, however you may find a lack of personal customer service compared to an agent that knows the area and has visited your property.
High street agencies are experts in vetting potential buyers before they view your house. In addition there is the added benefit with local agents that they will handle your viewings, an online estate agent will expect that you will do this yourself. This can work well if you are confident in selling your property.
There are certainly substantial savings to be made from using an online agency, remember, often thanks to the fixed fee you will end up paying whether they sell your house or not.
Small savings add up
- Sell your unwanted items before moving to raise some money and to cut down on the amount you have to move from one home to another.
- Don’t pay for boxes to move you items, ask friends and local shops for them for free.
Above all, whatever direction you decide to take, shop around for your prices and commission rates before committing to any services, including your solicitor fees.