The process of moving is stressful enough without factoring in the added costs of packing supplies, truck rentals, mover fees, etc. even if you are just moving across town. Knowing what you’ll need to spend, where you can save and being able to budget appropriately can help keep the stress down and keep some dollars in your pocket.
Hire a Moving Company vs DIY. Explore both options to determine which is the most cost-effective option. Depending on how far and when you are moving, hiring a moving company can cost anywhere from $400 to $4,000. Moving your items yourself may save you money, but it will cost more of your time and energy. Make sure you include the cost of any packing materials you will need to buy vs. those that might be provided by the moving company. You should get several quotes and references if you do hire a moving company. After all, they will be handling all your possession.
Don’t Pay for Boxes. Moving boxes are expensive to purchase. Instead, there are several places that you can obtain them. Computer paper boxes from your office make great moving boxes. Grocery stores and liquor stores give away boxes for free all the time, you just need to ask. Ask friends and family if they have any boxes or totes they aren’t using.
Nail Down Your Utility Shut Down Date. Some utility companies, like your cable provider, may not prorate your monthly bill, even if you move halfway into the billing cycle. If your moving date doesn’t coincide with the end of your billing cycle, consider shutting the service down early. Research providers in your new location to see if they offer new customer deals.
Declutter. The less stuff you must move, the easier it will be, and less expensive. Consider purging items you haven’t used in the last 12 months. Have a tag sale and earn some cash or donate items to a local non-profit which may be tax deductible.
Get some reimbursement. If you are moving to a new town for a job, ask your employer to cover some of the costs. Even if they say no, or don’t cover the full amount, you may be able to deduct some of your expenses on your tax return. Keep all your receipts.
Timing is everything. If you can’t schedule your move during the offseason – September thru April – try scheduling your move during off times. Mid-week or mid-month are less busy times for moving. Moving companies may have more openings, truck rentals, or better rates if you choose off-peak times.
Buying a new house and moving is a very exciting time in your life, but it doesn’t need to add more stress and debt to the process. Need help navigating the mortgage process while you hunt for your new home? We can help!
Washington Branch Manager, Assistant Vice President