Why Are so Many First-Time Buyers Finding Moving House Such an Arduous Task?
A house move is a stressful time for everyone, especially a long-distance move out of state. A recent news article showed that in the UK one-third of first-time buyers move back in with their parents. And it’s likely to be a similar figure in the States. Such are the trials and tribulations of a new prospective homeowner. But why exactly is moving house so stressful and intense? There are several reasons for this, let’s look at a few.
Trying to Choose
With any move, one of the hardest things you’re going to need to take care of is choosing your new home. This means you’re going to need to pick the location as well as the type of place you want. This a massive decision for anyone to make, and it’s one you need to spend time and effort on. Sit down and talk to the family about it and be sure you make the right choice. You’re going to be in your new home for a while, so it’s got to be perfect.
One of the biggest problems all first-time buyers face is the cost. It’s just so expensive to buy somewhere these days. Particularly if you’re not already a homeowner. There are many expenses including fees, deposit, and mortgage payments. And that’s before you even get around to moving, insurance and legal costs, not to mention unanticipated costs like a leaky roof, siding, or foundation. When you think about it like this, it’s no wonder so many first-time buyers find it so difficult to make ends meet, but if you do have to make unanticipated structural repairs on your home it is essential that you have them performed by a reputable contractor like the team at Tredent Contracting Services.
Something else that can be a very cloudy area is the legal aspects of a move. Because first-time buyers are inexperienced, they don’t know what to expect from this. There are a lot of legalities that come into play when you want to buy a home. There’s a complex exchange process with regards to the mortgage. And you need to make sure all the appropriate checks have been carried out. Any prospective new buyers should consult legal advice before attempting to buy.
Fear of Independence
It might seem like independence should be a positive thing, but in reality this isn’t always the case. While it’s a good thing to have independence, many prospective buyers feel overwhelmed by this. They’re not quite ready to leave the nest and stand on their own two feet. They’ve always relied on their parents as a support network. But moving out on their own means they’re responsible for themselves now. And for many young people this is often a step too far.
The worst part of the moving process is likely to be the packing! And for many first-time buyers this is something they dread. You’re going to have to pack your entire life into the back of a van. This can be a long and laborious task. And it’s easy to let sentiment creep in when you’re trying to get rid of things. You need to come up with a system to make the packing less stressful. And you need to try to be disciplined when you’re attempting to get rid of stuff.
Moving is always a stressful and time-consuming process. But long distance moves can often even worse. First-time buyers find it much preferable to move in with their parents prior to buying. This allows them the opportunity to save money and prepare emotionally for the move.