property uk real estate agents investments websites sell news features information map company services
 PROPERTY   DIRECTORY   AGENTS   INVESTMENT   SELL   SERVICES   NEWS   GUIDES   HOTSPOTS   FEATURES   MAP   COMPANY
Image 6 of London Image 7 of England Image 1 of Northern Ireland Image 2 of Northern Ireland Image 3 of Scotland Image 4 of England Image 5 of Wales UK Flag property uk real estate agents investments websites sell news features information map company services
 REGISTER
Username:
 Password:  LOG IN
 Search:  GO
     
 

 Counting the cost of changing your home

 

Tuesday, April 08, 2003


With average house prices in the UK at £121,000, people planning to move home need to look closely at the cost of moving and dig deep into their savings. According to new research from national DIY retailer, FOCUS DIY, the average cost of moving has risen to over £18,000.

While £18,000 covers obvious costs such as deposit, stamp duty, conveyancing, valuations, surveys and removal costs, there are still hidden DIY costs that often take home-movers by surprise - which can add thousands to the cost of moving.

Getting rid of the previous owner's dodgy décor, ripping out that avocado bathroom, and even replacing light fittings, all add up. The FOCUS research shows that over the last four months new homeowners have spent on average more than £4,000 on home improvements raising the cost of moving to over £22,000.

Jill Keen, Marketing Director at FOCUS DIY, said of the findings, "The research highlights how expensive the process of buying property is in the UK - before you've even picked up a paint brush in your new home.”

FOCUS is offering a 10% discount card to home-movers to help keep moving costs under control.

Jill Keen comments, "The card is valid for six months, so home-movers can spread the cost of their home improvements over a manageable period. And, the card can be used 7 days a week, adding to its convenience."

The cost of moving

Focus reckon the cost of moving is as shown below. The cost is based on purchasing a house in the UK at the average house price of £121,000 and selling a house worth £100,000. They assumed a moving distance of 25 miles.

Item

Cost

Buying

 

Deposit 10%

£12,100

Stamp Duty 1%

£1,210

Conveyancing costs

£954

Valuations & surveys

£514

Removals

£500

Selling

 

Estate agent's fee 2%

£2350

Solicitor's fee

£554

Subtotal

£18,182

Redecorating

 

Focus research average figure

£4000

Total

£22,182

 

 
 
     
     
 

 Get this news on your website !

If you have a website, whether it is a personal homepage or a fully fledged estate agent service, you can get our news headlines included on your site. Both these newsfeed services give you the option of having the full news content from TheMoveChannel.com - not just the articles that appear on country subdomains such as this one:

Premium service

For just £50 / month, you can now have your own customised news service on your website. With the XML-based service, articles actually appear on a page on your site, making this a sticky feature that won't result in your traffic leaving. You have control over the display format to show your choice of headlines, dates and short article introductions and can apply your own style sheet or control the display format with XSL sheets. Finally, you can also set your subject preferences so that your feed only displays articles which are relevant to your site audience.

 
     
     
 

 Top News Stories:

Brits abroad have 'no regrets’
6/19/2008 - Expats who’ve escaped to sunnier climes seemingly have no regrets about leaving the UK…


Canny FTBs remain ‘undeterred’
6/19/2008 - A new survey has revealed that FTBs are increasingly entering the new homes market with confidence...


Londoners love ‘laid-back’ Italy
6/18/2008 - A survey has revealed that Londoners see Italy as the most desirable place to buy property...


 
     
     
 

 Sponsored listings:

 
     
     
 

 Free E-zines:

Subscribe to our free regular email newsletters on the following subjects:

First name:

Surname:

E-mail:


Please select:

Daily headlines
Investment
Leaseback
Overseas
Weekly review
Other stuff


Click here for descriptions


 
     
 VISITORS   INVESTORS   OWNERS   DEVELOPERS   AGENTS   AFFILIATES   ADVERTISERS   PARTNERS   PRESS
worldwide
Worldwide
england
England
northern-ireland
Northern Ireland
scotland
Scotland
wales
Wales
london
London
spain
Spain
france
France
italy
Italy
usa
USA
Investment
Investment
Privacy policy   Terms of use   Support   Bookmark now!   uk index
TheMoveChannel.com is a protected Trademark.
Copyright © 2000 - 2008 On The Move Ltd. All rights reserved.