Moving home is a significant milestone that requires careful planning and consideration.
With the UK housing market continually evolving, finding the perfect property can feel overwhelming. Staying informed about current trends can help you make better decisions. Whether you’re a first-time buyer or looking to upgrade, understanding your needs and the current market landscape is essential.
This guide will help you navigate the process, from assessing what you want in a home to budgeting and considering energy efficiency.
What do you want from your home?
Before you start house hunting, take time to identify what you need from your new home. Consider factors such as:
- Location: Do you prefer urban living or a quieter rural setting?
- Property size: How many bedrooms and bathrooms do you need?
- Amenities: Proximity to schools, shops, and transport links.
Make a list of must-haves and nice-to-haves to help focus your search.
Is a newbuild right for you?
Newly built homes offer several advantages, including modern designs, energy efficiency, and low maintenance costs. They often come with warranties like the NHBC 10-year guarantee, providing peace of mind.
However, newbuilds can sometimes be more expensive than older properties and may come with additional fees. Weigh the pros and cons to decide if a new build suits your needs and budget.
Budgeting for your new home
Understanding your financial position is crucial. Calculate how much you can afford by reviewing your income, savings, and existing debts. Don’t forget to factor in additional costs such as stamp duty, legal fees, and moving expenses. You can estimate your stamp duty using the government’s calculator.
Keep an eye on current mortgage rates, which can be influenced by the Bank of England’s base rate. Visit the Bank of England for the latest updates. Speak to a mortgage advisor to explore your financing options and get a decision in principle before you start viewing properties.
The advantages of energy efficiency
Energy efficiency is increasingly important, both for environmental reasons and to reduce household bills. Energy-efficient homes can save you money on heating and electricity. Look for properties with:
- Good insulation: Reduces heat loss and lowers heating costs.
- Double glazing: Improves insulation and reduces noise.
- Efficient heating systems: Such as condensing boilers or heat pumps.
The government’s Energy Performance Certificate (EPC) provides a rating of a property’s energy efficiency, which can be a useful tool in your search.
Making your new house your home
Once you’ve found the right property, think about how you’ll make it your own. Personal touches like decorating, furnishing, and landscaping can transform a house into a home. If you’re considering renovations, check if planning permission is required.
Remember to update your address with essential services and register for council tax at your new property.
