Despite a slight fall in the number of mortgage applications during February in the UK, growth in the British property market appears to be showing little sign of abating. In fact, it is real estate demand and expansion that is at the heart of the British economic recovery, as consumers have greater access to credit and are able to capitalise on the rising number of available properties nationwide. With this in mind, it is little wonder that the fiscal amount borrowed by aspiring home-owners reached a six-year high at the beginning of 2014.
Moving Home: 3 Essential Considerations for Real Estate Buyers in 2014
Buying a new home and relocating is a time and labour intensive process, however, and one that also exposes you to a number of hidden costs. You will need to bear this in mind, and consider the following requirements when moving house: -
Emotional Attachments and Complications
While moving house can be difficult enough by itself, it becomes even harder if you have a strong emotional attachment to your previous home. This makes it extremely difficult to relocate, as fond memories and recollections trigger an emotive response and make the subsequent transition particularly challenging. It is important to pace yourself when moving, however, and prepare yourself emotionally for the considerable upheaval and mental strain that will ensue. It may also help to hire a professional relocation service to help with the move, as this enables you to focus on managing your emotions while an expert handles the logistical requirements.
The Cumulative Cost of Moving
Although you may have successfully applied for a mortgage and completed your transaction, the cost of buying a house is just of many associated with the process of relocation. With this in mind, it is important to consider the cumulative cost of moving, including everything from the employment of a removal firm to the price of buying new furniture and fixtures for the home. Failure to account for these costs can cause you to spend considerably more than you need, while also ruining any carefully laid budget plans that you may have made prior to relocating.
The Need to Prioritise Appliances
On a similar note, it is not always easy to purchase everything that you need for your new home prior to moving in. This can be challenging, unless you are able to adopt a proactive approach and clearly prioritise your total list of items and requirements. This is especially important with regards to home appliances, as this play a pivotal role in enabling you to enjoy a functional and practical lifestyle from the moment that you move in. If you have children or dependants, for example, it is imperative that you have a cooker, fridge and washing machine to handle all daily chores without fail.