Moving house can be one of the most stressful things that you do. Not only do you have to consider the physical difficulties of it - the weeks of packing, the upheaval, your kids getting lost between their bedrooms and the bathroom every night for the first two weeks - but it’s also a huge financial commitment that you’re making. Here are a few tips that might just make moving a little less stressful for you and for your family...
First and foremost, it’s important to make sure that you keep to your budget. Of course, all of us somehow manage to push the boat out just a little if you find the perfect property that’s just a little out of your budget - but it’s crucial to be realistic about what you can afford. No matter how beautiful your new home is, if you've put yourself into significant financial difficulties to get there, you won’t be able to enjoy it properly and you’ll probably feel as though your position in your new home is financially precarious. Make sure that you talk to a broker like Enness Private who knows what they’re going and can help you to organise your money so you don’t have to worry too much.
Secondly, it’s important to make sure that you’re as organised as possible. This applies to pretty much every part of the moving process, from ensuring that you completely understand your financial situation to making sure that you start packing well in advance of your actual moving date. One of the best ways to make sure that you don’t feel too panicked and disorganised is to be as informed as you possibly can be - talk to your bank and to your broker to make sure that everything is going to go through well so that you can start organising and planning for the future.
Consider The Area
You need to remember to look at your new home not just as a place for you and your family to live, but also as an investment for the future. A lot of your money will be tied up in your home, meaning that it’s where a lot of your wealth will be kept - this means that you need to focus on more than whether or not it’s a suitable place for you to live. Consider the local amenities like parks, schools and shops, and also the housing prices in the area and how they’re changing. This will help you to figure out whether it’s a good investment.
Look At Future Costs
Finally, it’s important to remember that the costs of buying a new house don’t stop at your down payment and mortgage - remember to budget for any redecorations or renovations that you might want to do. Remember that renovations like a new kitchen, an extension, or an extra bathroom will raise the value of your house. You should also consider the other costs of living in your home, whether that’s a cleaner because of the size, landscaping costs to make your garden attractive, and even the cost of commuting to work.