Top Tips for Second Time Buyers

Selling Your Home

Of course, unlike when you’re buying your first property, second-timers will also have the consideration of having a place to sell at the same time. As the amount of money you have to pay for your new home will be directly linked to how much you can raise from your current accommodation, it’s essential that you maximise its potential. Our estate agents Chadwell Heath team would recommend decluttering, painting your walls a neutral colour and fixing any obvious problem areas such as broken windowsills. These should be essential steps before you go to market. However, if you plan to tackle any largescale projects, then always seek professional advice first as you may not see a return on more expensive renovation work such as a kitchen refurbishment.

Do Your Sums

Second steppers need to be aware of the hidden costs of moving home which are more expensive than for first time buyers. As well as factoring in the cost of stamp duty, you’ll also need to pay conveyancing fees on both your sale and purchase properties. Along with marketing fees and paying for a removal firm, you’ll need to come up with an accurate figure of the cost of moving to a second home. It’s important to know exactly how much budget you have available before you start viewing properties, otherwise you could end up disappointed. Speak to a specialist financial advisor to determine how much equity you have in your home, how much deposit you’ll have available and the necessary fees to account for.

Moving to a new home is all about planning and preparation. Our team are specialists in helping your move to go smoothly, so get in touch today for an informal chat about your dream second home.