Moving Expenses

Whether you are relocating to a new neighborhood or a new town, moving can be difficult and overwhelming. A lot of your time and energy will be invested in sorting, packing and moving your possessions, and since there are so many things to keep track of, it’s not unusual to forget something.

Most people hire a moving company or pay for a rental truck to carry their belongings to their new home, but many of them fail to consider the small expenses that in the end can add up to a surprising amount. So if you want this transition to run smoothly, include every expense into your plan.

Thinking ahead can save you a lot of money, time and headaches. Figure out how much your cost of living will change and half the job is done.

This is where things can get tricky because of all the aspects you have to consider – energy costs, homeowners insurance, property taxes, and income. You can move to change, so you need to take things slowly and figure everything out one step at a time.

For the move, keep in mind what packing supplies you need and how much they will cost. First, see if you can get some boxes at the local market to cut down the costs. After you get all the boxes you need, start looking for other supplies: bubble wrap, tape, paper, box cutter and markers, all should be on your list. Also, consider getting some cardboard separators as well for your dishes and glasses.
If you hire a moving company, you should know that the cheapest option pays you very little in case something happens to your things. That is why I recommend getting extra insurance.

All your things arrived safely and you moved into your new house – what should you do next? Find out what other expenses you have left, such as deposits or connection fees for utilities or service providers (cable, phone, Internet). Also, remember that changing your locks is a cost that should be considered as well.
After all, security is very important.

The hard part is done: you moved into a new house with all of your belongings. Is there something else you want to do? Maybe change the rugs, buy new lamps, or more furniture? Don’t forget to include all these extra items into your financial plan for relocating.

Keep all of these aspects in mind and your moving experience will be smooth and successful!


Other Buyer Guides

How will TRID impact the buying process?

As of October 3, 2015, TRID (Truth-in-Lending Integrated Disclosure Act) is officially in place and changes the way mortgage loans are originated and closed. This is important to know when purchasing a home because all mortgage transactions are effected and the buying process is time-sensitive and has associated costs (moving, repairs, etc.) Read more.