Moving Home Is A Stressful Activity

It is likely we are all feeling a lot more pressure and stress than we normally do right now. The economic and financial pressures associated with the COVID-19 pandemic means a lot of households are evaluating what is best for them in the current climate.

It is likely we are all feeling a lot more pressure and stress than we normally do right now. The economic and financial pressures associated with the COVID-19 pandemic means a lot of households are evaluating what is best for them in the current climate.

We know many people are looking to move home, and it is crucial to be aware of how stressful moving home can be. If you are looking to understand the pressure associated with moving home, and you want to reduce the associated stress, please get in touch.

Moving home is a difficult process for many people

A survey undertaken by Zoopla, which was answered by more than 2,600 buyers, suggests many buyers find the property purchase an emotional and stressful activity.

62% of respondents said they found previous property moves more stressful than they had expected.

One of the biggest challenges in moving home is the property chain. 18% of respondents said they lost or came close to losing their property purchase because of issues with the chain. Only 11% of respondents said the buying process, when involved with a chain, ran smoothly.

34% of respondents aimed to develop a personal connection with the buyers. This step was taken to enhance the chances of the move running smoothly.

Financial issues are problematic in property deals

Close to 40% of respondents said their most recent property move cost more than they had originally budgeted for. 29% of respondents cited additional costs which caused them difficulties during the move. Some of the additional costs listed were conveyancers and surveyors.

44% of respondents said unexpected costs added more than £500 to the cost of their house move. 30% of respondents said they paid more than an extra £1,000 when moving and 15% of house movers said they had to shell out over £1,500.

Buyers regret is real

When it comes to checking specific details about a property, 46% of respondents said they wished they checked the property more vigorously before making an offer. 16% of respondents said they wished they checked with a buyer before agreeing to buy the property.

15% of respondents said they wished to review the strength of mobile phone signal and broadband speed.

Staging your home is important

When it comes to vendors regret, 53% of homeowners said they believed they’d have sold their home for a higher price if they staged their home. However, 31% of respondents said they didn’t have the budget to afford to improve their home at this time.

The importance of staging property was reiterated by 84% of respondents who said this activity is worthwhile.

Decluttering your home is also vital, with 52% of respondents wishing they did more in preparation for their move. 28% of respondents said they were too nostalgic when getting ready to sell their home. 20% of respondents said the process took far too long, which is an indicator many vendors underestimate the level of work associated with moving home.

Tom Parker is the Consumer Spokesperson at Zoopla and he said; “Moving home is one of the biggest investments we will ever make so it’s only natural the process inspires a wide range of emotions. Finding that balance between head and heart can often be the most difficult, and this is where agents have a crucial role to play in supporting home movers in their property journey. Agents will have experienced this process hundreds of times so can help not only with finding the right property but also making the purchasing or selling experience as seamless as possible.”

We know these are challenging times, but if you have any questions about the local property market, please feel free to contact us. At Ariston Property, we aim to support the local community as best we can, and we look forward to assisting you in any way.