When the stamp duty got scrapped back in July 2020, there was a huge rush of people who decided to move house, incentivised by this. But although no stamp duty is a great motivator to move if it is something that you were considering anyway, just how much does moving house cost you?
If you are wanting to move to get some more space, it may actually work out much better for you to have an extension rather than move to a completely different property. Think about all of the expenses of moving house – first of all there are the estate agents fees – these can vary, but you will find it is either a fixed fee or a percentage of the house sale price.
After this, you have the conveyancing fees – these again vary depending on how detailed you need the survey to be (generally, older houses need a more in-depth survey). On top of this you also need to factor in removal costs and also any improvements that may be needed in the new house.
When you put all of this together, as well as factoring in the general stress that moving house can cause, you can see why many people decide the best thing for them is actually to stay in their current house and build an extension!
As long as you get a professional company such as this house extensions Solihull based company in to do the work for you, you will probably be better off doing it this way, as well as adding value to your current home you will have more space without the hassle and expense of moving.