Are you planning on moving this year? Be sure you have enough budgeted for a smooth move.
Most people budget for down payments, inspections, deposits and other expected expenses. But there are some costs that are often forgotten. Make sure to include these in your budget.
- Cleaning Costs: Whether you’re renting or buying, you’ll likely need to clean your previous residence before moving. This can be costly, even if you decide to do this yourself.
The cleaning costs not only include the costs of cleaning supplies like carpet cleaners and chemicals, but also the cost of replacing things like oven burner parts, blinds, and fixtures. If you’re currently renting, pay close attention to bathroom and kitchen cleanliness. If not, you may not get your full cleaning deposit back.
- Movers: Many people prefer to go the self-service moving truck route, which tends to cost less. However, there are some benefits to using professional movers. If items get lost or broken, the moving company is often liable (you may need to purchase the insurance option). They also have the correct equipment to move your things quickly and safely. Just don’t forget to have some cash on hand for a tip!
- Packing Supplies: Bubble wrap. Packing tape. Boxes. Sharpies. They all cost money. Unless you’ve saved those supplies from your last move, you may need to shell out for new items. Try to save some cash by borrowing boxes from friends who recently moved or businesses who may have packing boxes.
- Parking or Permit Fees: If you are moving to an urban environment you may have some extra expenses. First, parking may not be included so be sure to consider that in your monthly costs. For the move itself, you may need to get a permit from the city or pay for parking for your moving truck. Some buildings even charge an elevator fee for use of the elevator.
- Utility Deposits and Start Up/Transfer Fees: Consider what it will take to get utilities set up in the new place. Make sure you’re aware of these costs to make sure you have enough cash to get by. You may need to pay fees to get your water, electricity and cable set up.
- Insurance: Be prepared to pay more for insurance – especially if you’re moving from an apartment to a house. Depending on how far you move, your auto insurance rates may also increase. Rivermark offers a variety of insurance options include auto, homeowners and renters insurance.
Once you calculate the total cost of moving, you’ll likely feel more prepared and ready to take on the move. Happy trails!