What’s the Average Cost of Moving House in 2023?

Spring is a popular time to move house, but if you’re thinking about jumping up the ladder you might be wondering how much it will set you back.

How much does moving home cost?

There are many different costs involved when you move home, including:

  1. Stamp Duty: Stamp Duty has to be paid on property with a value over £250,000. First time buyers don’t have to pay it but those selling and buying a property will have to make sure they factor this cost in. The rate of stamp duty varies between 5% and 12% of the property’s purchase price.
  2. Legal fees: when buying and selling a house, you’ll have to instruct a solicitor or conveyancer to complete the changes to title deeds and other legal documents. The fee for this can range between £800 and £1,800 depending on the size and type of property.
  3. Property surveys: a home survey on a property costs roughly between £400 and £1,425.
  4. Mortgage costs: some mortgage providers will charge a fee for particular mortgages. Some banks and building societies will let you add this to your loan, but it’s another cost to consider.

If you’re selling a house, you may also have other costs including an estate agent’s commission and the price of getting an Energy Performance Certificate (EPC).

As well as the above costs, which make a grand total of around £10,000, there are several other things to be considered. The biggest of these is the actual packing up and moving of your belongings. While van hire can be an attractive option to cut down on removal costs, it’s important to remember that you might need to make several trips depending on how much you’ve got to move.

To cut down on stress, hiring a removal company can be money well spent. Visit Coast Removals to get a free online quote to take the hassle out of moving.