Over a quarter (26%) of Brits want to sell up and move on, according to Go.Compare.
Size is the biggest motivator to move, with 23% of those looking for a new abode citing the need for more outdoor space and the same percentage seeking more indoor space.
Nearly a fifth of aspiring movers (18%) want better parking and a further 18% want to be closer to the country. A better catchment area for schools was the deciding factor for 15% of those looking for a new home.
The region with the highest number of people wanting to move home is London, with 34% of people in the capital unhappy with their current home.
Almost a third (30%) in the West Midlands and a quarter (25%) in the East Midlands said they are ready for a fresh start.
‘Moving house is stressful enough’
Nathan Blackler, spokesperson at Go.Compare home insurance, urged homeowners to check their home insurance policy covers them when moving.
He said: “Moving house is stressful enough and you want to protect your belongings as much as possible when transporting them. Check your home contents policy to see whether removal cover is included. DIY moves aren’t usually covered by removal insurance, so look at the exclusions carefully.
“Valuable items like jewellery or watches may not be covered for damage, theft or accidental loss during a house move, so you may require additional cover. Don’t forget to insure your new home from the day you exchange contracts.”
The comparison site issued six tips to consider before you make the move. They are:
- Redirect your post to your new address, this can be done via Royal Mail and you can pick the amount of time that you choose to redirect post from your old address
- Organise a new broadband deal
- Notify your car insurer
- Don’t forget to update the data on your microchipped pet
- Take final meter readings and let your current energy suppliers know you’re moving
- Make sure you insure your new property from the day you exchange contracts – and update the address on your home insurance policy
This article was first published on YourMoney.com‘s sister site, YourMortgage.co.uk. Read: Quarter of Brits say they want to move home
