Have you factored in the hidden costs of moving?
BUYING a new home is one of life’s biggest purchases and a new survey from housebuilder David Wilson Homes has revealed unexpected costs that Derbyshire homebuyers didn’t anticipate paying in addition to the cost of their new home.
The survey disclosed that residents in the county deem estate agent fees as the most unexpected cost, with Stamp Duty also being a an unknown factor before buying the home.
The housebuilder – which has new development Rambers’ Gate, in Ashbourne – is now offering schemes and incentives to keep these costs to a minimum.
ESTATE AGENT FEES
29% of homebuyers in Derbyshire placed estate agent fees as a cost which they didn’t expect to pay.
It’s important to remember that monitoring sales as they proceed, liaising with all interested parties including mortgage brokers and solicitors and helping buyers decide what kind of property they want to buy comes at a cost.
David Wilson Homes’ schemes, such as Movemaker, aids buyers in bypassing estate agent fees.
Rachael Harrison, sales Ddirector at David Wilson Homes East Midlands, said: “Acting as a one-stop shop for homebuyers, the
Movemaker scheme works when individuals reserve their home.
“They receive a complimentary estate agency service with a free no obligation valuation on the existing home.
“We as a homebuilder complete the Movemaker once a selling price has been agreed by the customer, and then will pay the estate agents to sell the existing property.
“It’s a fantastic way to keep costs down and take a back seat in letting us sell the home to ensure a smooth move.”
STAMP DUTY
28% of homebuyers in Derbyshire have revealed that they didn’t expect to pay Stamp Duty when buying a new home.
Rachael said: “Not everyone is aware that Stamp Duty is an additional cost so it’s worth buyers familiarising themselves with the term and what it means when they begin their house-buying journey so they’re prepared.
“We strive to help our house hunters make an easy move into a brand new property. That’s why selected homes at our developments come with Stamp Duty already paid, meaning buyers have one less thing to save up for despite the scheme ending.”