While costs were a source of stress across the board, money worries were keenly felt by young people in particular. 27% cited ‘budgeting and planning for transition costs’ as something they’d do differently.5% said they’d want to understand the complexity of buying a property more thoroughly before getting the ball rolling.33% said that in retrospect, they would save more money than just the deposit required.Two of the top three answers related to money: Moreover, we quizzed movers on what they wished they’d done differently before moving house. Ensure you budget correctly as this can all add up” “Something that often takes people by surprise is the additional costs associated with moving, like surveys, movers, and conveyancers. Just 1% paid up to £500 extra.ĭaniel Copley reveals hidden costs are a common stressor faced by homebuyers: How much more did these buyers fork out? Of those whose recent property purchase blew a hole in their budget, 53% spent an extra £1,001 to £2,000, while 46% coughed up between £501 and £1,000. And as our survey suggests, buyers have been feeling the pressure. Moving house is a challenge at the best of times, but in the context of a global pandemic uncertainty about future working arrangements runaway house prices in some parts of the country the rising cost of materials for those looking to renovate and a Stamp Duty cliff-edge that came and went, the wider landscape for any mover has not exactly been plain sailing. But it’s also true that all this upheaval brings the potential for stress. Whether you’re moving to be closer to the great outdoors, or simply for work and family reasons, there’s no doubt that getting the keys to a new place is an exciting prospect. Outside space has also taken on renewed importance, with a garden or balcony now a must-have for a large cohort of buyers.” No stress?
This shift is also evident in the types of properties buyers are searching for, with many now looking for an additional bedroom that can be converted into a study.
“We are continuing to see demand for family homes outside of cities as people are more willing to undertake a longer commute one or two days a week from a more rural location. We also spoke to consumer spokesperson at Zoopla, Daniel Copley, who confirmed this new trend for homebuyers in 2022, and how the pandemic and WFH has changed what many buyers are looking for in a home. These motivated movers have reshaped Britain’s economic and social geography in fact, a 2021 New Statesman analysis of the latest Office for National Statistics (ONS) stats found that 18-20 year olds are now the only age group more likely to move into cities than out of them. And as our poll confirms, many movers are happy to put up with the stress of upping sticks in exchange for a garden, balcony, or perhaps a home office or spare bedroom. In the WFH era, it’s no secret that many Brits have flocked to suburban hinterlands, small towns and rural villages that were previously considered non-commutable.
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