Listen, you’re bound to make a whole host of little mistakes when moving home. It’s a normal thing to do given how stressful this situation is. Thankfully, many of the small mistakes don’t cause too many problems during the move. An example of one is to forget to label your moving boxes. Okay, this is annoying, but all it means is you spend a bit more time looking for things when you unpack.
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Or, you leave it until the day before you move to book a moving company. Not the smartest decision in the world, but hey, we all forget things sometimes. It can be stressful booking someone at short notice, and it probably means you pay extra, but you can sort it out.
Neither of these examples comes close to the single biggest mistake you can make when moving house. It’s something people do all the time, and it can completely mess up your life. So, what is it?
Well, the biggest mistake you can make is… selling your old house too early.
Obviously, when buying a new house, you will sell the old one – if you own it. As such, you might list your property on the market while you search for a new home, hoping that things work out perfectly and you find a new house, then sell the old one. Unfortunately, there can be cases where you get so much interest in your home a lot sooner than expected. You realize you might never get a better deal if you hold on, so you agree to the sale. But, you haven’t found your next home yet…so a big problem arises.
The financial cost of this mistake
You might not think this is that big of a deal, but it can be very costly. What happens if you sell your home and have nowhere to move to? If you’re lucky, your parents or friends might let you stay at theirs until you find a new place. In most cases, you end up looking for apartments and renting somewhere. This could land you in a contract that’s 3 months minimum, maybe longer. So, you’re paying rent for three months while still looking to buy a new home. It’s literally a waste of money as you should’ve waited until you found the new house before selling. This way, you move in seamlessly without wasting money on rent.
The mental cost of this mistake
Money isn’t the only thing that comes into play with this mistake – it takes a mental toll too. When agreeing to a sale, you start a timer. The new homeowners expect you to be out of the house by a set date, and all the power is in their hands. If you can’t get your family and your stuff out of there on time, they’re allowed to take legal action. So, you’ve got this hanging over you as you frantically try to move out as quickly as can be. Oh, that also brings up another point about the financial costs – if your temporary apartment isn’t big enough to keep all your stuff in, you have to pay for self-storage until you find your new house as well.
All in all, you can see why this is the single biggest mistake to make when moving home. Don’t make it; sell your house when the time is right.
This is a contributed post.
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