If you haven’t already heard the news, Joe and I bought our second ‘forever’ home. If you’re also considering buying buying another property, here’s six tips that will help.
Estate agent fees
When you plan to sell your house, you’ll have estate agent fees to pay. As we bought our old house with the company we listed our property with, they gave us a discount of 1.2% of the value of the property. Fee’s can range from 1% – 2.5% depending who you go with, so do shop around.
Moving companies and removal vans
We couldn’t get a moving company as it was end of stamp duty holiday and everyone had been booked up, however we did manage to hire a van for £170 for the day. When you do it yourself, you create a lot of work. Boxing and carrying everything to the van! Also, consider multiple trips to and from your old and new properties. We started at 6am and didn’t stop until gone 11pm.
Solicitor fees for buying and selling the houses
Budgeting for solicitor fees is a must! You don’t have to find local solicitors, ours were in Swansea! You pay a lump sum for buying a new property and a smaller chunk for selling your home. Together, ours roughly cost £1,700. I also bought them a box of Doughnut Time doughnuts as our solicitors went above and beyond.
Get help from family and friends
Get help from family and friends if you can. It’ll save so much time! Re-pay them with alcohol or food, you can’t really go wrong with those two options.
Take a week off work
Joe and I were so glad we booked a week off work to recover and get settled in our new home. We didn’t get as much done as we would have liked to, Joe fell ill and I was shattered. But we were in!
Saving stamp duty holiday
Now that the deadline is gone (end of June), you won’t be able to save much stamp duty tax, but until September you may be able to save a bit of dollar. We had to pay a small percentage of stamp duty tax for our property even though we completed just in time.
So, there’s six tips to help if you’re considering upsizing. Hope you’ve found this somewhat interesting and helpful. If you have any more tips please share them in the comments below.