The key to a successful and affordable move is to plan ahead. This way, you can start saving and budgeting well in advance of your moving date. But what expenses do you need to account for as you plan your move? Our real estate agents list some often-forgotten moving expenses below.
- Moving Insurance
When you hire a moving company, they generally charge you a base moving fee, plus additional fees for extra services like furniture assembly or appliance prep.
One extra fee customers don't always account for is the cost of moving insurance. Most moving companies include a certain amount of insurance by default, but it's often wise to pay for additional coverage, especially if you have valuable items. Your moving company should be able to give you a quote for this insurance based on the value of your possessions.
- Equipment Rental
If you're moving things yourself, you may want to rent a dolly or moving straps to make carrying heavy items easier. You can rent these items from a local moving truck rental service. (Don't forget to account for the cost of renting a moving truck for your DIY move, too.)
- Vehicle Shipping
If you own more than one vehicle, you may need to drive one to your new home and have the other one shipped. Get quotes for vehicle shipping well in advance of your move. You'll often get a better rate if you book this service early.
- Overnight Stays
If you're moving a long distance, it might take you more than one day to drive to your destination. So make sure you budget for a night in a hotel as you calculate your expected moving costs. Even if you stay at a friend's house along the way, there may be costs involved, such as the cost of eating dinner out that night.
- Dining Out
When you're busy packing and moving, you'll probably eat out or order takeout more often than usual. As such, it's wise to budget for a few extra restaurant meals around the time of your move. The earlier you prioritize unpacking your kitchen items, the lower the cost.
- Packing Supplies
If you are packing yourself or doing the whole move yourself, you will need lots of packing supplies, including boxes, tape, and packing peanuts. You can save money by reusing packing supplies that friends may have, but make sure you still budget some funds for these materials. You can never have too much tape or too many markers.
- Child Care
If you have children, you may want to hire a sitter on days you're doing most of the packing. Even if a family member or friend is willing to watch the kids, it's nice to give them some cash as a "thank you."
Whether you're driving a moving truck or just your personal vehicle to your new home, be sure to account for the cost of fuel. You'll probably use more gas than usual, making trips to the store for moving supplies, driving to the truck rental place, and driving to restaurants, too, so a little extra wiggle room in the budget doesn't hurt here.
When you set a moving budget ahead of time, there are fewer surprises along the way. If you happen to still be looking at Richmond homes for sale, don't dismay. We're confident you'll soon find the perfect place and start planning your move. Contact us if you'd like some assistance on your homebuying journey.