Budgeting Your Next Move

Budgeting Your Next Move

From Ayesha Kayani

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Plan Ahead

Moving is a stressful and exciting time. The key to a smooth, relatively stress-free move is planning. By planning the move in advance, you can avoid unpleasant surprises that would otherwise add to your frustration. If you’ve done your homework before the move, you’ll find the entire experience less stressful, and you will be able to focus on getting settled into your new place. In what follows, we’ve summarized some of the most important moving tips for keeping things affordable.

Ideally, you should start planning your move eight weeks before the actual date of the move. Start looking at moving services and get quotes from as many moving companies as possible. Create a document where you store all this information for easy reference.

If you’re not using a moving company, start looking at moving truck rental prices instead. Also, make sure that you’re familiar with how to drive a truck since it can be very different from driving your car.

Around six weeks before the move, start finding boxes at your local grocer, office supply store, or bookstore. Use this opportunity to sort through your stuff and donate any items you don’t need. The fewerthings you need to move, the easier your move will be.

You should also start packing non-essentials at this time. Create an inventory list to keep track of your items and use colored tape to mark boxes from a particular room. By packing a little bit away every day, you’ll be ready well before the big move.

If possible, check your new property out for any issues that you can address before the move. For instance, if you notice a broken electricity switch, you’ll have time to address it before you move in.

When you get within a month of your move, it’s time to start the administrative part of the process. Notify all your utilities and subscriptions of your change of address. If you’re moving far away, check out electric providers, and compare electric prices to potentially save money.

By doing these small tasks well in advance of the move, you prevent them from all piling up in the last week. You’ll be relaxed and excited about the thought of living in a new neighborhood, rather than freaking out about all the boxes you still need to pack.

Moving Expenses You May Not Have Thought Of

Moving is expensive, especially if you hire a moving company. While there are many apparent costs of moving, such as hiring movers, moving truck rental, storage costs, and packing costs, there are also some moving expenses that can catch you by surprise.

Cleaning costs: not only do you have to clean your old place, but it’s also a good idea to move into a shiny clean home as well. Cleaning costs can quickly pile up, regardless of whether you’re doing it yourself or hiring a professional cleaning company.

Child and pet care: you don’t want to worry about your children or pet during the move, and it’s a good idea to organize alternative plans for them on moving day. An affordable option is to host a playdate or have a friend take care of your little ones. Also, be prepared for the possibility that you may have to pay someone for this.

Real estate costs: apart from the cost of the move, you need to factor in the fees associated with buying or renting a new place. These fees can include rental deposits, realtor and attorney fees, home inspection fees, and many more. Be sure to factor these into your monthly budget to avoid surprises at the end of the month.

Tips to Save for the Big Move

One good thing about moving is that you usually have plenty of advance warning that it’s going to happen, which means you have time to prepare. In addition to planning out the move, we strongly recommend budgeting for your move and finding ways to save money wherever possible.

Instead of buying boxes, hit up your local grocery store, office supply store, or large retail outlets. They usually have more boxes than they need and will often be happy to get rid of them. You also don’t need bubble wrap as newspapers are cheaper and do just as good a job at protecting your items.

When moving, you typically have two options: do it yourself or hire professional movers. If you decide to go with professional movers, make sure to get several quotes before committing to one company.

Talk to the movers about ways in which you can lower the cost of the move. Some companies will offer a lower price if they can store some of your things and move them together with other customers’ items at a later date.

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