There has been a lot of people moving house recently. Changes in work life and the breakdown of relationships are just a couple of reasons as to why people have been moving. Property prices are on the increase. The price of living in general is on the increase. If you are looking at moving house, there are a number of things you can do to save money. Lt’s look at a handful of tops tips for saving cash wen you are moving house.
Extend Your Search
Lots of us know where we want to move and have our minds set on that area. However, if you can be flexible with your tick list, you can often find a different property, at a lower price. It might be a similar property to what you had your eye on. Perhaps it’s completely different and is something you would have neve considered viewing. When you extend your search and are willing to look at alternative properties, you might find the dream property that you never dreamt of!
Move Yourself
A big cost which you might not have thought about is a removal company. Stats say that to move the contents of a three bed property a distance of 50 miles will cost over £1100. Are you able to move yourself? You could call in some favours from friends and family and save that grand. Maybe you’ll need to put some pizzas and beers on the dining room table for everyone at the new property as a thankyou, but it’ll be much cheaper than a removal company.
Declutter Your Belongings
Before you move, declutter. The average household has over £2000 worth of stuff they no longer need. Stuff they don’t use. Items which are shoved in cupboards or in boxes in the loft. Get rid of these things and you can use that money towards your new property. Maybe to decorate a bedroom or update the hallway when you get there. Decluttering will also mean you pay less to move. If you use a removals company, you won’t pay as much as there will be less to shift. If you move yourself you’ll need a smaller van and have less backbreaking work to do!
Get The Best Mortgage Deal
If you need a mortgage for your new property, you need to make sure you get the best prices. When you look at mortgage deals, you’ll see a range of interest rates. These mean you’ll ay back different amounts over the course of the loan. You need to get the best possible mortgage rate which works for you. To do this, calculate your mortgage payments to ensure you are happy with how much you’ll pay each month. Borrowing £130k over 25 years at a 2% interest rate means you’ll pay back the loan plus over £35k in interest. If you could find a 1.2% interest rate it would bring that overall interest down to around £20k. It would also drop your monthly repayments from £550 to just over £500. Look around and be sure to get the best deal on your mortgage.
Switch Utility Providers
The property you are moving into is probably on a standard tariff with the utility company. Nine times out of ten the previous owners haven’t switched supplier in the last 18 months. If you stay with that supplier you need to call them up and see if they can switch you onto a better deal. You could also search online yourself and find a better deal to swap to. You won’t have any pauses to your gas and electricity supply but you’ll pay less money! The price of energy is on the rise so if you can lock in now, you’ll benefit in the long run.
These are just a handful of ways that you can save money when you move house. Think outside the box and consider others ways you can save a few quid. You’ll be glad you did.
