Moving into the first home that you own when you’ve been living in rented accommodation is exciting, but it can be daunting too. Being a homeowner means having a variety of responsibilities that you didn’t have before, from paying a mortgage to maintenance for your property. When you’re planning your move, you want it to go as smoothly as possible. It’s a costly and time-consuming exercise, so anything that makes it easier is good for you. If you want to get organised and settle into your new home, take a look at the following advice that will help you move in without the hassle.
Remember to Account for All Costs of Buying
Buying a home is costly, and it can take a long time to save for it. When you’re saving, it’s important to remember that the deposit for your property isn’t the only money that you need. There are various other costs too, so you’re going to need to take them into account. You will likely have mortgage fees to pay, as well as the cost of a solicitor and survey. If the property you’re buying is expensive enough (over £300,000 for first-time buyers), you will be paying stamp duty too. Then there’s the cost of moving, furniture, and other expenses.
Get the Timing Right
When moving from a rented home to one that you own, you’ll be transitioning from paying rent to paying a mortgage. One of the important things to get right is making your last rent payment and moving out at the right time. If you’re too hasty, you could end up with nowhere to live. It’s best to wait until everything has been completed before you make your arrangements for moving. If you give notice to your landlord or letting agency too early, the deal on your home could fall through and leave you with nowhere to live.
Don’t Forget About Furniture
Many people who rent their home rent it fully or part furnished. This is convenient for many tenants because it means they don’t have to move furniture around every time they move home. However, when you move into your new home, you won’t have any furniture there to get you started – except on the rare occasion when a property owner might offer the property with some or all of their furniture. You need to remember to budget for buying furniture for your home, particularly essential items like beds and somewhere to sit. There are some things that you can buy over time, but others are needed right away.
Stay Organised During Your Move
It’s easy to get flustered when you’re trying to move home. Getting out of a rented home and into one you own can complicate things too. There are a few things to remember when you move house if you want to stay organised. The earlier you start planning and preparing for your move, the easier it will be to get into your new home. Ask for help from family and friends if you need it, or hire movers to help you out. It’s better to have a solid plan and take your time than to try and rush your move.
When you rent your home, you can switch your utilities, but many tenants don’t realise this. If you’ve never done it before, it might feel a bit unfamiliar to have a choice when you move into your own home. But you need to get all of your utilities and services hooked up, so it’s a good idea to take a close look at what’s available. You’re in control – at least as far as which suppliers are available in your area. Use a comparison site to take a look at the best suppliers for you. It’s helpful if you know your usage regarding electricity, gas or other utilities so you can compare things accurately.
Take on the Responsibilities of Being a Homeowner
Now that you’re a homeowner, you need to take on some new responsibilities. Of course, there’s paying your mortgage but that shouldn’t be too different to paying rent. Set up an automatic payment to make sure it gets paid each month. You’re also responsible for the maintenance of your home. If the boiler breaks or the roof needs fixing, it’s up to you to sort it out. Having savings available to deal with these things is essential. You should also have insurance for your property and its contents.
Moving into your first owned home is a big deal. Make the transition smoother by being as organised as possible.