What Homeowners Wish They Knew Before Moving

28th October 2020 posted in BUYERS

With so much activity in the property market right now, we know many people are contemplating a move. This is an exciting time, but it is also a daunting prospect.

At Country Properties, we are pleased to say we have assisted many people move in and around Baldock. We know the local market, and we also stay in touch with the latest market analysis. If you are looking to make an informed decision when you move, please get in touch.

Learn from other movers’ mistakes

Zoopla has recently spoke to more than 2,600 active buyers and vendors, asking them what things they wish they had known before they purchased a property.

Tom Parker is the Consumer Spokesperson at Zoopla, and he said: “Moving home is one of the biggest investments many of us will ever make so it’s only natural the process inspires a wide range of emotions.”

There is an emotional cost of moving home

62% of respondents said they found moving home to be a more stressful activity than they expected it to be. The average time for a property transaction to be concluded is 14 weeks, and it is fair to say there are many ups and downs in that time-frame.

11% of respondents said the buying process ran smoothly, which suggests a sizable proportion of people weren’t entirely satisfied with the moving process. 18% of respondents said they lost or nearly lost their home due to being part of a property chain.

You must be prepared for the financial cost of moving

While people know buying a home is an expensive activity, are you prepared for hidden costs? 39% of respondents said they were surprised at the additional costs of moving home.

44% of respondents said they had to manage unexpected costs of more than £500 while 30% of respondents overspent by more than £1,500. 15% of respondents said they spent more than £1,500 than they expected to.

What do buyers wish they knew or did before moving?

With 46% of respondents saying they wish they did more research before moving into a new home, here are the most commonly cited aspects people say they would do if they moved again:

·         Speak to neighbours

·         Review the broadband speed in the area

·         Check the mobile phone signal

What do vendors wish they knew or did before selling?

There are also commonly cited factors which vendors wish they did before they sold their home, including:

·         Spending more time staging the property for viewings

·         Spending more time decluttering the property

·         Start the sales process sooner

Tom Parker from Zoopla added: “Finding that balance between head and heart can often be the most difficult, such as deciding whether to throw out certain possessions you may no longer use but have had for years, or being emotionally invested in the price your property sells for.” 

In line with Government guidelines, our Baldock Branch has reopened and is again staffed with our experienced team.  To clients old and new, if you have any queries or need advice on property sales and lettings then please call 01462 895061 or 01462 742077, or you could email baldock@country-properties.co.uk  or ashwell@country-properties.co.uk