Many Find Moving Home Stressful

12th October 2020 posted in Buyers Tenants

With so much focus on the housing market right now, it is fair to say many people are looking to move home. Moving into a new home is often a joyous occasion, but it involves a lot of work. You will find many people consider moving home to be a stressful activity.

At Hunters Bridgend, we do our best to minimise stress during a property move. However, we know moving home is an emotional time for a lot of people, and this can make the process more challenging than it should be.

This is something that has also arisen in a recent study by one of the leading property portals in the United Kingdom.

Zoopla finds buyers are stressed out over house moves

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.

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.”

At Hunters Bridgend, we are proud to play a part in supporting a thriving and friendly local community. If you would like information or guidance on how we can assist you, or you just want to stay in touch with the latest housing industry news, please contact us today.