People are often surprised by how much it costs them to move house. It’s common to underestimate the expenses and be unprepared for the move. If you’re planning on moving home soon, don’t get caught out. You can make sure you have enough money saved up by knowing the typical expenses involved. Whether you rent or own your home, there are a number of costs that can all add up until you spend more than you thought you would. From mortgage costs to movers, more money can go into it than you might expect. Think about the typical expenses below to make sure you don’t get caught out.
Estate Agent and Letting Fees
Whether you’re buying or renting your new home, you’ll have to pay a fee to the agency you use. You won’t pay the agent for helping you find somewhere to buy, but chances are you’re selling at the same time. And the realtor will be taking a percentage of the sale price, so don’t forget to factor that in. When you rent, you’ll need to pay when you sign the contract, and there could be other costs too. You might have to pay property management fees, for example.