HOME EDITION
In truth, the best time to sell is always when you don’t actually need to – which makes it a lot less stressful Moving, on the other hand, comes with a host of expenses that include stamp duty, legal fees and moving costs, not to mention the potential for higher mortgage payments. Adding to the weight of this decision is the fact that 2025 brings new legislation which will mean those looking to complete work on a new home need to act fast. “Stamp duty changes are set to take effect from 1 April 2025, and first-time buyers will be the most affected,” advises Leanne Kennedy, marketing manager at the Hill Group. “Currently, first-time buyers pay no stamp duty when buying a home worth £425,000. This threshold will drop to £300,000, meaning they’ll go from paying nothing to paying £6,250 on a home of the same value. To avoid this extra cost, it’s best to move quickly and secure your new home before April.” Beyond finances, lifestyle plays a key role – if your space or location no longer suits your needs, moving might be the better choice. Ultimately, it’s about balancing the financial, emotional and long-term benefits of each option. “The idea of ‘the best time to move’ changes over time and generations,” says Michael Houlden at estate agency Knight Frank. “In truth, the best time to sell is always when you don’t actually need to – which makes it a lot less stressful.” If you do decide you’re ready to sell up, then turning to an estate agent you can trust is essential. “An experienced agent can guide you through the house selling and buying maze. It’s true that it’s not always as straightforward as all parties would wish, but understanding and trust can make the procedure more fun and hopefully less stressful,” claims Michael. Even if you’re leaning more towards relocating than renovating, some touch-ups around the house are advisable to keep your home as presentable as possible, and even add extra value. Local independent estate agency Bush & Co always encourages sellers to maximise the kerb appeal of their homes by presenting them in the best light possible. “This includes undertaking any necessary repairs well in advance of
FREEDOM TO MOVE A popular home renovation is the open-plan kitchen with an island, such as this example from Olive & Barr (right)
78 JANUARY 2025
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