GETTING SET FOR A BIG MOVE? 7 KEY COSTS TO CONSIDER

by | Jan 24, 2023 | Real Estate

Luxury travelers are comfortable with spending more than they need to on life’s greatest pleasures, but moving is anything but glamorous. This can tempt us to under or overspend on moving supplies or movers, making a budget necessary for an inexpensive, stress-free move.

Use a moving cost calculator to get a quick estimate

While it’s easy to calculate the costs of supplies, closing costs, and a temporary hotel stay, it’s much harder to estimate what a DIY truck move or a moving company may charge you. That’s because the cost will vary based on time, location, distance, size of move, among other things.

DIY movers also forget to calculate time lost or income loss during the move, which can become very expensive. Fortunately, you can get a quick estimate using the moving cost calculator by 9kilo. Having a rough estimate in mind will help you cut costs or spend more money elsewhere.

7 costs to consider when budgeting for a move

Moving to a new location can be exciting, but it can also be very expensive, time-consuming, and stressful. Here are some important costs to consider when budgeting for a big move.

Various moving supplies

When you’re preparing for a big move, you’ll need to purchase a variety of supplies. This can include boxes, tape, markers, labels, and packing peanuts. To keep costs down, you may want to look for free boxes from local stores or ask friends and family for extra packing materials.

Professional moving services

Hiring professional movers can make the relocation process much easier. However, it can also be expensive. Get quotes from a few different companies to determine the best option for your budget. A moving service may charge extra for packing supplies, insurance, and item storage.

Truck and shipping fuel

If you’re planning to move on your own, you will need to rent a truck or a shipping container and purchase fuel. Moving companies typically charge customers by the mile, so you’ll still have to pay for gas for both options. Long-distant DIY movers may need to stop for food and water.

Temporary accommodations

You may need to rent an apartment or stay in a hotel if you haven’t bought a house yet. Keep in mind that the cost of temporary housing will depend on the location and length of stay. To keep costs low, try to look for permanent accommodations before you move to a new location.

Utilities and closing costs

When you move to a new house, you’ll need to set up utilities such as electricity, water, internet, and cable. If you’re purchasing a new home, consider your closing costs and realtor fees. For movers thinking of renting, be sure you have first and last month’s rent to give to your landlord.

Cleaning or cleaning supplies

If you’re short on time, you may need to hire a cleaning service to make sure the space is spotless before you leave. This expense can quickly add up, so try to clean your house yourself. While you’ll have to pay for cleaning supplies and miss out on your weekend, it’s way cheaper.

Permanent or temporary storage

Whether you’re moving to a smaller home or into an apartment temporarily, you’ll probably need to rent a storage unit. If you have a lot of things, consider renting one on a month-to-month basis, as paying by the day can add up. Or, try to sell some of your things before the move.

By considering these key costs, planning ahead, and budgeting accordingly, you can make your big move a success. Remember to also factor in any additional costs that may not be listed here, as everyone’s move is unique and may have different requirements.

Top photo by Eugen Kucheruk on Unsplash

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