Planning for the Costs of Moving

theproagent Home Selling Tips

Selling up your home and moving to a new one is exciting but do you know what it will cost to move? The amount might be more significant than you think, and catch you out if you’re not prepared.

It’s a good idea to draw up a moving budget well in advance to keep on track of all the different expenses involved. Check out these moving tips, so you’re financially ahead of the game.

Hire a Moving Truck

Most people tend to use a moving company to shift their belongings, and this is the most significant expense you’ll need to plan for in your budget.

If you’re moving locally, a moving company will charge on average between $30 and $50 per hour, to load boxes and items into the truck and unload them at the other end. But ring around a few different companies to get quotes, and read online reviews to make sure you get the best deal.

You can save money by using a designated company to move larger boxes and items and transfer lighter and smaller pieces yourself. Friends and family should be only too happy to help if you purchase them lunch afterward!

Moving states will cost you a lot more than moving within Minnesota. Long distance movers base their charge on the weight of the shipment, size of the container, and distance traveled. For example, According to the American Moving & Storage Association, the average cost to move to another state is roughly $4,300 for a move distance of 1,225 miles, based on an average weight of 7,400 pounds.

Boxes and Packing Materials

Once you’ve booked in the best company for your moving budget, start calculating how many boxes you’ll need. If you can source some boxes for free, that’s a saving, but chances are you’ll end up paying for them. You can find cheap boxes online, that include packing tape and a marker, for around $59.99.

Disconnect and Connect Utilities

Give your power and internet companies a call and find out if you’ll be charged a disconnection fee when you leave, and if there will be a deposit or reconnection fee at your new place. If you decide to change companies mid-contract, you may get hit with a cancelation charge for breaking the contract.

Hire a Cleaner

In your moving planning be sure to include the cost of cleaning your budget. You could DIY to save money but be aware it’s not a standard clean, you’ll need to do a thorough job, and that involves: cleaning cooking appliances, deep cleaning carpets, and washing windows. For the cost of around $200 for a professional clean, it can be worth spending the money and save your time and energy for concentrating on the move.

Food for a Week

Moving is a significant disruption to your regular household routine, so budget for some takeout meals for a week or schedule food to be delivered, to make things easier. Don’t forget to include lunch and drinks for your helpers on moving day.

New Furniture & Appliances

Moving house is a great time to choose brand new furniture for your home or swap out old appliances if you want more energy efficiency. You may want to give yourself a little time to live in the house first before you start buying new things, but in general, you should budget for at least $2,000.

Repairs & Renovations

If you’ve purchased an older home, it’s a good idea to have some money in reserve for unexpected move in expenses, like repairs - Murphy’s Law says the water heater will break down the day after you move in. Minor renovations like painting is also a frequent task upon moving into a new home. So make sure you have at least $1,000 in the bank for repairs and renovations.