The Expense Of Buying A Home

If this is your first time buying a new home then there may be a few things that will surprise you when it comes to the expense of purchasing a house, not just the cost of the house itself but quite a few other expenses crop up over time, that if you aren’t prepared for can cause you to be caught off guard. But there’s no need to panic if you are looking at buying a house because things always work out in the end, and here are some ideas on what may crop up along the way. There is no need to panic, but being aware, and having a backup plan is always a great idea.

Photo by Eduard Militaru on Unsplash



This one is purely dependent upon whether you are buying a brand-new house, or not, and also whether you are moving out of a rental property, or the family home. Cleaning the property that you move out of is more than likely something that you are obliged to do, via a tenancy agreement, and even if not it’s the right thing to do since nobody likes moving into a grubby home. This applies to moving into your new property, as well, since people may have left the house that you are purchasing in a little bit of a poor state, so putting money aside to pay for the cleanup at the old property, and the preparation at the new property can take a weight off your mind. Some people have many family members who are pitching in to help with this, but that’s not always the case, and there is still something that is accidentally left or a few extra bags of rubbish that you may need to dispose of. Either way, whether it is oriental rug cleaning Or a full rubbish clearance, you may need to consider this in your moving plans.



Sometimes things get damaged during a move, and if it is something that you want to look after, then being extra careful is essential. Being able to keep your property safe and looked after usually comes down to removal companies, all the people helping you move. But you may accidentally knock on the door frame, smash a window, or even drop expensive bars along the way. Unfortunately, this is quite common, and also though you can do everything you can in your power to keep damages at a minimum, it may be a good idea to have a contingency plan in place that will cover a lot of the expenses caused by accidental damages.



Most mortgage companies will have it as a clause in the agreement that you insure your new property to be able to have a mortgage. This, of course, makes sense, since losing a lot of money for structural damage to the house can put you in an awkward position. So always account for insurance costs. And if possible, take a look at the accidental damage options for your property and goods as well, to protect them from the accidents mentioned above. We can’t plan for every eventuality, but putting money aside for a small number of damages, and ensuring that you are as covered as possible, or have money put to one side for these problems, is the best option.



There’s always an admin fee somewhere that you may not know about or be prepared for; of course, we have to make sure that everyone is paid for the work they do, and solicitors usually give you all of their costs upfront. But there will be a piece of information, and action required or a letter that will cost you an admin fee somewhere along the line. Making sure everyone you work with during the move is upfront with their costs, and you know exactly what you want to do to be able to keep everything in line, or finding an expert that can coordinate everything and give you the costs upfront, will benefit you in the long run.


Essentially moving home is an exciting but expensive time, and you may be reeling from the costs for months or even years to come, but there’s nothing quite like sitting in your own home and knowing that you are secure and in full control of the situation. If you want to be sure about the cost of moving home, then doing your research and making sure that everything is in order before you go ahead will prevent potential problems further down the line. Preparing in advance, being fully aware, and being realistic about the costs and expenses of moving will always put you at an advantage. When buying a house, there are so many variables to consider and things that you may not have considered before, but if you follow these ideas, there is an excellent chance that you will succeed and thrive in your new home.

Choosing Your Forever Home and Getting It Right First Time

You have lived in the same property for several years now and although it has served you very well, you are finally ready to find your forever home. Whether you live somewhere that is a little too small or you’re hoping to move closer to work, there are so many reasons for you to make the big move. You love your home more than anything but sometimes it’s just time to move on. Choosing your forever home is quite a stressful process, so you really want to get everything just right. If you can take on board some of this advice you will be able to enjoy the journey towards finding your family home that will be in your lives for the long haul.

Take Your Time Researching

Before you even begin the lengthy process of finding a new home, you need to spend some time doing a lot of research. You need to a get a good idea of what kind of house your family needs and where you might like to live. Contact one of the agents at William Pitt and you will soon have a guiding hand to help you along the way. Knowing exactly what kind of property is the right fit for your loved ones, whether it’s a chic apartment, a detached home with a garden or a quaint terraced house, will put you in good stead to finding your forever home in no time.


Check Out the Local Areas

Before you even step food in a potential property, you might want to spend a couple of days exploring some local areas. Let’s say you have around two or three potential locations in mind, why not head out there one day for a lovely lunch with your family? You could check out all of the amenities, transport links, schools and other exciting features that would appeal to your family. You might find something about a certain location that really works for your family personally, so spend some time checking out a whole host of different areas if you can.

Know Your Budget

There is no point in searching for your perfect property if you don’t have the finances to pay for it. You will need a hefty deposit when you move into your first home so make sure you have saved up enough for something that you really want. There is no point in moving into a home that isn’t quite right for you, so wait another few months if you want to boost your down payment that little bit more. Once you have a set deposit in mind, you will be able to figure out monthly mortgage or rental payments that work for your household income.

As long as you know what your family needs from your forever home, you will have no problem finding it. Knowing what’s important for all of you in the long run will be the most important element of property hunting. Don’t put any pressure on yourself and enjoy the journey of finding your fantastic family home.


Don’t Make These Property Buying Mistakes

By Pxhere


Buying a home is a big deal. Whether it’s your first property or you need to juggle buying and selling at the same time, you have a lot of things to consider if you want to pull it off. Property is expensive, and most people need help from a mortgage lender if they want any hope of being able to afford it. The process can be long and frustrating, which is why you want to do your best to get it right. If you’re worried about getting it all wrong, you should be aware of some of the top mistakes that you could end up making.


Financial Changes Before Buying


Getting preapproved for a mortgage helps to reassure you that you’re able to buy a property. However, you need to be careful when the time to buy arrives. You can find that you qualify for a mortgage at one point, but a single change in your finances rules you out. For example, buying a new car that you will be paying off for the next few years can make a huge difference. The most important period to watch out for this kind of thing is when you’ve submitted a loan application, or you’re just about to. Don’t buy anything on credit until you’ve had your loan approved.


Failing to Inspect the Property


When you find a property you love, it’s tempting to put in an offer and try to close the deal as quickly as possible. But that would be unwise before inspecting the property to make sure it’s up to scratch. Hiring a home inspector is essential if you want to check that you’re not moving into a property with major problems. Any issues that are discovered might make you change your mind, or you could use them to negotiate a better offer. If you’re going to have to pay to repair something, it’s only fair that you pay less for the property.

By Max Pixel


Rushing Into a Purchase


You always need to be careful when you buy a property. Even though you’re excited and can’t wait to move into your first home, you should take things slowly to get it right. There’s no need to take the first property that comes along, especially when there could be the perfect one out there for you somewhere. Make a list of essential requirements for your property, separating things that you won’t compromise on from anything that you’re prepared to be more flexible about.


Spending Too Much


You could be approved for a mortgage that’s really a bit more than you should spend. Perhaps you’ve worked out the maximum amount you can pay each month, and you want to use that as your starting figure. However, it’s important to think about the future and what might change. What would happen if you were earning less or had to start living on one income? When you get preapproved for a mortgage, use the amount you’re given as a maximum that you would prefer not to reach. Some people suggest reducing it by as much as 20% to get your real budget.


Don’t make any of these big mistakes when you buy a property. Recovering from some of them can be hard.