Moving into a new home is fun, stressful, eventful, and rewarding. If it is a forced move – then you may approach it negatively, but, if it is a well thought out and prepared move, then it is surely going to be one of the best things you can do in life.
4 Things to check before moving to a new home
If you are moving into a rental, there is less flexibility, but if you are moving into your own, purchased a home then you are in for a real journey. Now, there is plenty to consider when moving into a new home and in this article, we will dissect four things to consider when moving home.
Financing predominantly relates to those who are purchasing homes. Now, this is a crucial part of any move, do you have the right type of loan and for the best price? Mortgages are of course the biggest expense anyone will incur in life, so it is important to select the right bank that will work with you. Marrying up your principal outlay each month on top of what your interest amount will be must be thought out prior to entering a new loan. Smaller banks tend to offer a competitive rate. Newcastle Permanent is one that has a range of fixed rate home loan options for any type of home loan. It is important not to overspend and to remain within your budget.
What furniture will you bring? What furniture will you buy? If you are starting from scratch, the process of finding the furniture you like may take a while. If renting, the load may be shouldered by one or two more people – depending on the type of house you are moving into. It is important to understand what pieces of furniture should be bought new and ones that can do with being second hand. Appliances, when possible, should be bought firsthand to maximize warranty. Little household items can always be bought second hand.
To stay or move on with a provider. That is the big question when moving home. Depending on where you live you may have the option to choose a utility provider, whilst some may be recommended to the house or unit block, you are moving into. What money can you save on the utilities at your new house? If purchasing a home, there will obviously be a range of new expenses that come with homeownership like rates and stamp duty. Internet providers and energy providers reward those who stay on during moving to a new house. It is important to know what is available before pulling the trigger on any utility bill. Consult your bank to get their opinion on managing finances should that be an issue for you.
This may sound basic and obvious, but it is vitally important to really know the area you are moving into. Getting a feel for the locals, the shops close to your potential home, the distance between essential stores. Talking to neighbors before you move in will give you a good understanding of what to expect from your neighborhood prior to arriving. Half the time it is a lottery, but it is important to do your due diligence when moving to a new house.