Be Mindful Of These Risks When Planning A House Move

house move

*Collaborative Post

Thinking about moving home? There are plenty of reasons why you should, but considering the stress and the risks involved, as we suggested here, you might resist the upheaval.

Still, moving doesn’t have to be stressful; well, not more than should be expected, anyway. And by knowing the risks involved, you might be able to make life easier for yourself. Hence our article. Below are two of the house moving risks you need to be aware of, with some suggestions to help you manage them.

 

Risk #1: Buying a house you are later unhappy with

You might find a house within your price range, and on first impression, it might seem like the home for you. However, it’s only after moving in that problems present themselves. You might discover the location is not to your liking, for example. There might be hidden problems within the property that cause you a small fortune in maintenance fees. And despite your initial enthusiasm, you might discover that the house is actually impractical to your needs.

 

Solution: Don’t buy something on impulse. Research the location before deciding it’s the perfect neighbourhood for you, and seek professional help. So, you might consult with a property finder when looking for a home tailored to your needs, and you might also listen to the advice given to you by your letting agent. Bring in an architect too, or any type of building professional, as they will advise you on any inherent flaws within the property in question.

 

 

Risk #2: Going over your budget

Don’t be deceived by an attractive house price. There are all kinds of hidden costs that could scupper your finances, and these include council tax rates, utility costs, and insurance prices after moving in. There are also moving fees to consider, as well as fees attached to your letting agent and solicitor before you actually get the keys to your property. Let’s not forget your mortgage repayments too, as if you don’t shop around your local banks, you might not get the best deal that could have been afforded to you. Needless to say, your finances will take a hit, and you might be forced to live on beans on toast for years to come (at least it’s a healthy option). 

 

Solution: Again, don’t buy something on impulse. You need to research the property in question, and this includes looking into those hidden costs that might dent your bank balance. Use the guide provided by Zoopla to get some idea of the costs involved, and speak to your letting agent or your local government for advice on council tax costs. Consider your mortgage repayments too. Finance guru Martin Lewis has some advice on finding cheap mortgage rates, so follow this link for tips on getting the best possible deal. By taking these steps, you should have an idea of what you can reasonably afford, and being the sensible kind of person that you, you should then limit your house search to those within your budget.

 

 

Finally

There are risks involved in moving house, but it is possible to overcome them. Use our suggestions, and then commit to further research online for more advice. Let us know too if you have any tips for our readers.

my signature

*This is a collaborative post. For further information please refer to my disclosure page.

Pin for later:

Related Posts:
7 Simple Tips To Help You To Achieve Your 1000 Hours Outside Challenge
2 boys in water, one balancing on a log and the other paddling

This year we decided to take part in the 1000 Hours Outside challenge. The idea behind this being that we Read more

What to Wear for a Professional Headshot
photographer

Your professional headshot is often the first element people see when encountering your profile, especially on platforms like LinkedIn. It's Read more

Seven Tips to Stay More Active as You Get Older
older man doing yoga

To maintain optimal health and quality of life, it's important to prioritize physical activity and overall wellness as we age. Read more

Balancing Life and Work: Tips for Physicians Seeking Better Job Conditions
clock to show the balance of time within work and life

Striking the perfect equilibrium between personal and professional life poses a universal challenge, yet this task is markedly more daunting Read more

Leave a Reply

Your email address will not be published. Required fields are marked *