Relocation can be an expensive undertaking, especially if you are moving across the country with a family and your entire belongings in tow. Typical moving costs include gas, lodging, and moving company fees, but there are other, more hidden expenses you need to be aware of before planning your move. Failure to note all the costs of relocation might end up busting your budget before you arrive at your new residence.
What follows are some of the hidden costs of moving, so you are able create an accurate budget ahead of time. This helps both your planning and potential choice of a moving company.
Don’t forget to consider moving supplies when budgeting for your move. While you may be able to get some boxes from a local retail establishment, the best bet is to use an online source or an office supply store. You also need packing tape and Styrofoam peanuts or something similar to keep valuables secure during transit.
When using professional movers to relocate, be sure to read the fine print of the quote in case moving supplies end up being an extra fee.
Bulky Item and Long Carry Charges
Moving companies charge extra for any items requiring special handling. These are commonly known as “bulky item charges.” Pianos, motorcycles, playground sets, and extra large furniture tend to be subject to these extra charges. Once again, read the fine print of any moving company quote to prevent any unpleasant surprises when you receive the final bill.
In a similar manner, moving companies also charge extra when they have to carry items for an especially long distance, like in a scenario where the front door of your house is a long way from their truck. When the moving company performs a site survey, they’ll hopefully note these issues before giving you a quote.
Extra Moving Insurance
While Federal regulations dictate professional moving companies must cover a portion of your belongings against loss or damage during transit for an out-of-state move, this usually only accounts for 60 percent of its value. If you want full coverage, you’ll have to pay an additional cost. While your homeowners insurance may be an option, it covers even less — typically 10 percent. You may want to consider purchasing additional relocation insurance to ensure replacement coverage of your items just in case.
If a situation arises where you are unable to move into your new residence after moving out of your old space, you’ll need to keep your items in storage. These costs apply whether you are moving yourself or using a moving company, and can really add up if your belongings need to be stored for longer than a month. Keep this in mind when creating your moving budget.
Don’t forget to consider food and possibly lodging costs when moving a long distance. In many cases, people budget for gas expenditures while forgetting about eating and a place to stay. This can become especially expensive if you are moving an entire family.
Remember you’ll probably need extra money for deposits or connection fees for the utilities at your new residence. This is a hidden moving cost that easily gets overlooked. Additionally, don’t forget about actually scheduling your new utilities so they are on when you arrive.
Cleaning your old residence is a must after moving out, especially if it is a rental property and you want your deposit back. You’ll need to pick up enough cleaning supplies to make everything spotless. Additionally, since you probably won’t be able to move those supplies, a new set will be required at your new residence. Consider this when budgeting for your move.
Have Extra Cash on Hand just in Case
Bring some extra cash on hand for parking, tips, or tolls on your moving day. It also helps in case any emergency arises. Considering the stress of relocation, it is better to be prepared for any contingencies.
Looking at these extra moving costs shows how important it is to properly plan and budget for your relocation. The right preparation ahead of time is the best way to ensure a stress free move!