Shocking hidden costs of moving house
Although most of us would expect moving house to be relatively stressful and time consuming, a study has revealed that it may be even worse than we think.
New research conducted by MoneySuperMarket revealed the shocking hidden costs that are involved in moving house.
Nearly 40% of those moving home have ended up going as much as £5,000 over budget, while some buyers admitted to paying a whopping £6,000 more than they expected.
Some 71% said that packing up their belongings to move was one of the most stressful parts of the experience, while 56% said that unpacking in their new home was one of the most taxing parts of relocating.
Apparently it's not just our home life that moving house affects. A fifth of those who have moved recently admitted to being unable to concentrate on their job at the same time, and some were even forced to take annual leave to deal with the logistics.
Dan Plant, consumer expert at MoneySuperMarket said: "There is so much to consider, both before, and after keys are handed over, and as it takes an average of six months just to find a property, it's understandably stressful and has a knock on effect in all aspects of people's lives."
He added: "Moving house doesn't have to be a completely arduous process. Being as prepared as possible will help ease the angst. It's important to consider all costs involved so you aren't hit with an unexpected bill at any point – from the mortgage, surveys and stamp duty, to removal hire and any other necessary additions to the new house."
The research did also provide some encouraging statistics too. Nearly all (92%) of those who have moved house in the last two years said it was worth the stress and hassle while only a third said having to deal with mortgage lenders was stressful.
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