What's the total cost of moving house?

saverbuyer

HapPea wrote: »

I presume you mean 70K net take home pay?

I don't mean anything. I was quoting another poster who said they have a combined salary of 70K and save 40K or more a year. I thought that was very impressive.

70k net makes much more sense, though I find most people use gross rather than net when it comes to talking about salary.

lazer

I was buying - (nothing to sell) and it cost me £1000 in furniture, oil and incidentials
And solicitors fees of roughly £1000

Total cost about £2k - and this was moving from a rented furnished house to an unfurnished new home - so includes beds, sofa's wardrobes etc. The biggest expense was £300 on oil, then a new bed for £240.
Remaining furniture was all second hand, and we self moved - hire a van for the weekend and recruit family to help!

It costs as much or as little as you want it too.

If you want the house perfect for moving in it will cost more, if you are willing to make do, it costs less.

You need to factor in the selling fees and any costs associated with preparing your current house for selling - repainting etc

HapPea

saverbuyer wrote: »

I don't mean anything. I was quoting another poster who said they have a combined salary of 70K and save 40K or more a year. I thought that was very impressive.

70k net makes much more sense, though I find most people use gross rather than net when it comes to talking about salary.

Oops quoted wrong post. sorry!

sirmosh

saverbuyer wrote: »

You have a combined of 70k and save 40K a year????:eek:

That is impressive. What do you eat? Grass?

A lot of people have a household income of less than £30k, if you lived in the same way as one of those people and within your means it'd be easy to save £40k.

HapPea

sirmosh wrote: »

A lot of people have a household income of less than £30k, if you lived in the same way as one of those people and within your means it'd be easy to save £40k.

If these are gross figures then the absolute tax paid on 70k will be higher than on 30K so there isn't a 40k surplus

DPJames

Aye, £70K net. Combined take home, I should have said.

Saving £40K is easy. Well it is for us anyway. We're barely even trying either. Just don't spend money on daft stuff that you don't need. Make things last a bit longer. Repair instead of replace. Lots of electric and gas saving measures. One holiday. Just simpe stuff.

And that's with two adults and three kids.

andy.m_2

stamp 9k
Solic fees 2k
agents fees 2k
moving 1.5k
other stuff 1k
contingency 2k

I reckon that realisitcally you are looking at £15k without too much effort and any extras in the new place

saverbuyer

DPJames wrote: »

Aye, £70K net. Combined take home, I should have said.

Saving £40K is easy. Well it is for us anyway. We're barely even trying either. Just don't spend money on daft stuff that you don't need. Make things last a bit longer. Repair instead of replace. Lots of electric and gas saving measures. One holiday. Just simpe stuff.

And that's with two adults and three kids.

Yes 40K saving on 70k take home pay is easy. That's probably around 100k gross. Now too many outside of London and the SE on that sort of cash. Throw in the child benefit and it's even easier.

Good_Money

Based on sale of 290,000
Purchase of 350,000

Selling costs:

Estate Agent 1% 2,900
VAT 580

Solicitor 752

Mortgage redemeption 1,500

Buying costs:

Stamp Duty 10,500
Solicitor 1,325
Mortgage set up fee 1,000
Survey fee ??
Moving costs ??

Based on that it seems reasonable to allow about 20,000 total

rhythmsoup

I done some costs myself and my sale and purchase is lower than yours, im getting around £16-£17k with a EA less without:

Estate Agents £3,750.00 1.5% of Sale value
Stamp Duty £8,700.00 3% of Purchase value
Solicitors fees £2,000.00 Sale and buying
Survey £500.00 Not a structural one, based on web searches
Valuation £300.00 This might be free depending on bank
Disbursements £500.00 This (searches and land registry etc), based on web searches
Removals £900.00 Based on a few web searches and forum "chatter", this seems to be the top end average


Subtotal £16,650.00 This is the total moving cost
Subtotal £12,900.00 This is the total moving cost without estate agent

Time and effort -£500.00 Travelling to view houses, meals out etc, it all adds up!

Sale of house £250,000.00 Estimated sale of our house
Purchase of house £290,000.00 Estimated cost of new house