People often underestimate moving costs when making a budget. The cost of packing supplies and hiring a moving truck may be apparent, but there’s more to consider. Here’s a list of common moving expenses to help you create a more comprehensive budget.
1. Hiring Professional Movers
Almost 3 million interstate moves occur in the United States every year, according to MoveBuddha. If you’re one of these people, consider the cost of hiring a professional moving company. Planning and scheduling ahead will ensure you get the best rates. While the upfront cost may seem high, hiring professionals will save you money and time in the long run. You can also take some steps to reduce the financial burden by performing some tasks yourself.
2. Moving Supplies
Most people need packing tape and moving boxes when moving. However, other moving supplies can simplify your move and protect your belongings during transit. Plan for the costs of hand carts, dollies, and box cutters to help with moving tasks, as well as moving blankets, furniture pads, and bubble wrap to keep your possessions safe.
3. Moving Truck Rental
If you use a DIY approach for your move, renting a moving truck will be your most significant expense. Consider mileage costs and other relevant fees the rental company may charge. Get multiple quotes to ensure you get the most value for your money.
4. Packing and Unpacking Services
Packing isn’t the most enjoyable moving task. Additionally, mobility issues may hinder your ability to gather and pack up your belongings. Moving professionals typically bill their services at an hourly rate, but you can also get a fixed price for a full service. Be sure to get as much information on the price of services prior to signing a contract with any moving company.
5. Cleaning Services
Whether at your new home or your previous residence, you may have to budget for hiring a cleaning service. If you’re short on time, these professionals will ensure your previous home or apartment is ready for the new owners, or your new residence is spotless and ready for your furnishings. Preparing for these costs is especially important if you’re among the 35% of households who live in rental properties, according to RubyHome.
6. Moving Insurance
Moving insurance will cushion you if your belongings suffer damage during the moving process. There are several types to choose from, but the most common ones are general moving insurance to cover damage or loss of items and moving truck liability and damage insurance. The cost of these coverages is affordable and worth the investment.
7. Personal Vehicle Transport
Your vehicle is likely the only thing that won’t fit in the moving truck. You must account for gas money if you’ll be driving it to your new home. If you’ll be flying to your new home or driving the moving truck, plan for the costs of vehicle shipping to transport your vehicle from point A to B.
8. Financial Assistance
In some cases, you may find yourself in a situation where you need to move urgently. For example, according to the National Domestic Violence Hotline, one in four males and more than one in three women encounter domestic violence in the United States. If you’re in a similar situation, you can get financial assistance from nonprofit organizations, government assistance programs, crowdfunding, or temporary housing from a domestic violence shelter. Be sure to research which options are available to you to help to ensure you can find a place where you and your family can be safe.
Putting together an accurate moving budget is almost impossible because most quotes you’ll receive are estimates. Be sure to have additional income available to cover the costs of unexpected expenses or changes in the prices you were initially quoted. Moving doesn’t have to be a daunting process, just be sure to take action to be prepared for everything associated with relocating.
