The financial impact of moving is in the category of expenses that can easily get out of control if you don’t plan for it carefully. Save on your moving costs by creating a budget. It helps you keep an eye on the costs which can add up. In addition to the larger costs such as hiring a moving company such as Hills Moving Inc. and buying packing supplies, here are other costs that many people tend to overlook when creating their moving budget.
Even though moving companies offer moving insurance, it’s typically not enough to cover all the items—especially small, valuable items such a porcelain, glass, and crystal. It’s advisable to take out additional insurance.
You should also keep in mind that the standard rate may not necessarily be the amount you get in case your goods becomes damaged. Rather, it only indicates the maximum amount that your insurer can offer as compensation. However, taxes and government regulations might reduce the amount you receive.
Making repairs to your old home
In a case where you’re selling your home, your agreement outlines the things you need to repair before you move. These repairs may be time-consuming and may cost a substantial amount. In many cases, you’ll need to hire professionals to carry out the work as the repairs may require technical skills. In the end, paying a professional might be cheaper than trying to make the repairs yourself.
Cleaning up the home
Whether you’re relocating from a rental house or your own home, one of the main tasks to complete is cleaning. As with repairs, you may have to hire professional cleaning services to get the job done right. If you live in a rental apartment, you likely paid a damage deposit to move in. To receive the full amount back, it will cost an additional amount to hire a cleaner to return the home to the original form that you found it.
Additional costs in rental apartments
Besides the cost of the space, there are other costs to consider in the case of rental apartments. These hidden costs include brokers fees and security/damage deposits for your new home. When signing your tenancy agreement, find what is included in the rent. You’ll typically find out that you need to pay additional fees for services such as utilities and parking.
Traveling to your new home
Depending on how far your new home is, you may need to factor in travel costs such as gas, snacks, meals, and hotels. Estimate the distance you’re going to travel and the time it will take you to get there using a distance rate calculator.
If you’re moving cross country and you’re flying to the new location, factor in the cost of the flight and the cab fares to and from the airport, the airport fees, and other fees involving luggage you may have. If you’re traveling with pets, take into account carrier costs and vet fees.