Moving house can be stressful, but the more knowledge you can accumulate the more you can alleviate the pressure along the way.
Moving day itself follows weeks – or potentially months – of work, from preparing your existing property for potential buyers at the start, to negotiating a deal, arranging the finance on your new home and then waiting fingers crossed as conveyancing is done.
By the time the day itself arrives, you may be ready to crumble, with even the most menial tasks feeling like a major event as you juggle calls from estate agents and solicitors about completing your house purchase.
But aside from the major milestone moments, what are the smaller things it helps to know? Here, we look at 10 things about moving home claimed by a recent survey – from how to avoid the most popular days, to looking at what others pay to climb the ladder and the distance it’s claimed most people move.
Buying: Website Reallymoving reveals 10 things that you need to know about moving home
The findings were compiled by homemovers comparison website Reallymoving.
After analysing 270,000 homemovers who used Reallymoving last year for at least one service – including removals, conveyancing, surveying and energy performance certificate quotes – it claimed that the most popular day to move is on a Friday.
More surprisingly, it says the busiest day of the year last year was Friday 30 August – which is usually the last Friday of the school summer holidays.
Ben Johnston, director of Houso, the off-market property app, said: ‘It’s no surprise that Friday is the busiest day for moving home as most transactions complete at the end of the week.
‘But there is no real reason why they need to and it might make more sense to opt for a different day, making it easier and sometimes cheaper to book a removals firm.
‘If you move on a Wednesday or Thursday, you might even be unpacked by Saturday and ready to enjoy the weekend.’
The busiest day to move home last year was Friday 30 August
Ten things to know if about moving
1. The busiest day of the year for moving home last year was Friday 30 August, followed by Friday 28 June and Friday 27 September. Friday was the most popular day to move throughout the year and movers tended to favour the last week of the month.
2. Those buying and selling a home typically paid £1,154 for conveyancing, excluding disbursements and expenses such as Land Registry fees. First-time buyers paid £677 on average.
3. The average distance moved last year was nine miles, with 40 per cent moving within a five-mile radius of their previous home. On average, they paid £420 for removal services
4. London received the highest volume of homemovers in 2019, accounting for 12.1 per cent. The second most popular destination was Birmingham at 3.2 per cent, followed by Manchester at 2.2 per cent and Reading in Berkshire at 2 per cent.
5. First-time buyers were the driving forward in the property market in 2019, accounting for 55.7 per cent of all home purchases throughout the year. More than a fifth used a Government scheme to help them buy their first home, such as Shared Ownership at 146 per cent and Help to Buy at 7.3 per cent.
6. The average deposit paid by first-time buyers in 2019 was £28,800 – 16 per cent of their average purchase price of £180,000. While most of the data was sourced from forms filled out by Reallymoving customers, the data about the average deposit paid by first-time buyers was taken from Halifax and then applied to the average price paid by Reallymoving’s first-time buyers who compiled a conveyancing quote.
7. Movers who bought and sold at the same time, sold their homes for an average price of £237,000 and bought for an average price of £292,500.
8. While first-time buyers largely escaped paying stamp duty, those moving up the property ladder typically paid £4,625.
9. The research also analysed its data on homemovers in the European Union, with numbers dropping by 68 per cent compared to the 12 months leading up to the EU referendum in June 2016.
10. The most popular destination for international movers from Britain was the United States at 19.4 per cent, followed by Spain at 9.9. per cent, France at 7 per cent, Australia at 6.3 per cent and Germany at 5.4 per cent.
The cost of moving home is an increasing challenge for many homeowners, but how much do you need to budget?
The research found that those buying and selling a home typically paid £1,154 for conveyancing, excluding disbursements and expenses such as Land Registry fees. At the same time, first-time buyers paid £677 on average.
It’s likely that those buying more expensive or complicated properties will pay more
While first-time buyers largely escaped paying stamp duty, those moving up the property ladder typically paid £4,625. Again, buy an expensive home and your bill can soar, as our stamp duty calculator shows.
Mr Johnston added: ‘The cost of moving can be considerable once stamp duty is taken into account, although most first-time buyers no longer pay this.
‘Conveyancing costs eat into every mover’s budget but there are some things you shouldn’t scrimp on and a decent solicitor is one of them as they could make the difference between a sale happening or not.’
First-time buyers accounted for 55.7 per cent of home purchases last year
The list of 10 things to know about moving home also included how first-time buyers accounted for 55.7 per cent of all home purchases through the year.
That means that those selling a home that may appeal to first-time buyers would be wise to do what they can to encourage them, for example being flexible on after work viewings.
Reallymoving’s chief executive Rob Houghton said: ‘First-time buyers were the driving force in the market in 2019, encouraged by cheap loans, soft house prices and plenty of Government support in the shape of shared ownership and Help to Buy – which remain extremely popular.
‘In terms of international moves, the UK fell sharply out of favour with people moving from the EU, as evidenced by a sharp decline in the proportion of EU residents making inward moves to the UK.
‘Most home moves remained local with a remarkable 40 per cent taking place within five miles of existing homes, suggesting that people were more motivated by extra space and more desirable properties than by major moves for new jobs or lifestyle changes.’
Mark Hayward, chief executive of NAEA Propertymark, said: ‘Selling your home is a big step and requires some planning to make the process go smoothly.
‘If this is the first time you’ve sold a home, there’s a lot of information to take in so try and do some research and familiarise yourself as much as you can with the home-selling process.’