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Moving Expenses

Stay on Budget by Including These Often-Overlooked Moving Expenses

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As you planned your moving budget, you likely included costs for deposits, transportation and insurance, yet it is common for surprise expenses to pop up throughout the entire moving process. According to the American Moving and Storage Association, an average interstate move can cost approximately $5,630, and the Worldwide ERC claims that it can cost as much as $12,459 for a company to relocate their employee anywhere in the United States. With numbers like these, you will want to ensure that you account for these commonly overlooked expenses so that you can begin your life in your new home with a firm financial standing.

Storage Facilities
Many families underestimate their need for storage, and it is always possible that a need for temporary storage could occur if you must move out of your current home before the new one is ready. If you are downsizing, try to identify any lawn equipment, unnecessary furniture and seasonal items that may no longer fit into your new home’s layout. Then, explore the sizes and types of storage units that are available along with their cost. It is also important to plan for possible storage, even if you do not think you need it. This way, you will already have it in your budget should you realize at the last minute that a cherished heirloom just doesn’t fit into your living space.

Utility Fees
If you have ever moved before, then you have probably already factored in the utility deposits; however, many common utilities now require a fee to be paid if you are breaking your contract. This often occurs when a person must switch to a new cable or Internet service provider, or they are under a contract that locks in specific utility rates with their electric company. Make a list of all of the utilities you will be shutting off, and contact the companies to find out what fees may be required. In some instances, you may be able to have these reduced due to a move, but you should know what must be planned for in your budget.

Food Restocking
As a general rule, foods in a freezer can remain good for 24-48 hours depending upon the climate in which you life. However, transporting large quantities of food can become costly and take up valuable space. For this reason many families begin to pare down their pantry in the weeks leading up to the move, but then are shocked when they realize how much it costs to restock their kitchen. Since condiments, refrigerated goods and fresh vegetables can all add up, be sure to plan for their replacement. Additionally, you may need to factor in meals on the road or for the first night if you know your kitchen will not be ready for cooking at home.

Replacing Items
Sadly, it is always possible that something will be broken during transport. You can minimize this risk by packing everything carefully, using the appropriate cushioning and boxes and by knowing how to properly load your truck. Professional movers can also help you to avoid this cost by using their expertise to transport fragile items. While insurance may cover certain things, having a set amount to cover broken items in your budget can give you peace of mind should you discover a need to make a last-minute purchase.

Unexpected Calamities
Random events can occur at any point during a move. If you are purchasing a new home, then closing procedures could delay your move and cause you to pay longer fees for storage. Severe weather could force you to purchase tarps and other gear to keep your belongings dry, and a car problem could create a need for an additional moving truck. An appliance that worked during your pre-buying inspection could suddenly go on the fritz the first night you move in. Reduce the stress that you could experience during an unexpected event by ensuring that there is enough money in your budget to cover any random thing that happens.

With a solid budget in place, you will be better prepared to handle anything that comes your way during a big move. While you may not be able to control everything that happens, you can stay within budget while knowing that you have what you need to keep your move stress-free. Remember, the best part about budgeting for more than you bargain for is that you can use the surplus to splurge on a new item for your home once the move is over.

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