Six Costs to Be Factored into Your Home-Buying Budget

Buying your new home can be expensive. However, when you are calculating costs, don’t forget how much money it will cost you to actually move. Here are six costs you will need to factor into your home-buying budget.

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Conveyancing Costs

Conveyancing costs can vary, but get a quote from a reputable firm such as Sam Conveyancing and you will know how much you will be paying for the time the transaction will take as well as searches and other any fees applicable. It usually works out that the more expensive your new home is, the more the conveyancing fees will be.

Stamp Duty

This is a tax the government put on buying a property. Although they are currently waiving the fees to buoy up the property market during the pandemic, this is not likely to last for much longer. If you are just starting to look for your new property, it is therefore best to factor this cost in. It will be payable to your conveyancer and should be included in their quotation.

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Mortgage Fees

If you are taking out a mortgage, then the mortgage company may well charge a fee for arranging the mortgage. It often works that the better the interest rate you are offered the more upfront fees you will pay. Do your homework to make sure that you are getting the best deal overall. If you are using a broker, then they should be able to work this out for you. However, they may charge their own fees for arranging the mortgage.


There are three different types of survey you can opt for, from the very basic to the really in-depth. Your decision will usually be based on the type of property you are buying and the age of it.

Removal Costs

Removal costs can vary. You can do all of this yourself, but you may still need to hire a van and buy your mates some beers for helping you move. At the other end of the scale, you can hire firms who will do all your packing and moving for you, so all you have to do is unpack your belongings in your new home. The choice is yours.


This is something that is often overlooked. If you are going to buy a bigger home than the one you are leaving, you will need to factor in the cost of buying extra furniture – otherwise your new home will look very sparse. This is especially true if you are a first-time buyer, when you will have to factor in the cost of everything you will need in your new home.

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