Thursday, November 26, 2020
Home Real Estate Hidden Costs of Moving: What You Need to Financially Prepare Yourself For

Hidden Costs of Moving: What You Need to Financially Prepare Yourself For

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If you plan on moving or will be moving in the near future, proper planning is the key to success, and without it, you’re in a world of potential disasters.

Most people, when they make the decision to move, they get blindsided by the excitement of it all… a new place, new beginnings, and new opportunities… All of these things are what you have to look forward to, but it’s important to not get too caught up in the excitement because moving is indeed a process; It requires preparation, budgeting, and physical labor. Nonetheless, moving is never easy, especially from a financial perspective.

Of course, moving is going to cost you a pretty penny, and that’s why it’s important to start setting money aside the moment you know you plan on moving. The main things that people know they’ll have to pay for with moving are movers, boxes, and packing supplies but outside of those basics, there are actually hidden costs associated with moving that many people are completely unaware of and get financially burdened from it.

To save yourself the financial strain that comes with moving, here are some hidden costs associated with moving that you need to be aware of.

Moving Costs You May Not Know About or Think About

Boarding Fees For Your Pets

You may not realize it but just as moving is stressful for you, it can be just as stressful for pets, and it will be in your best interest if you can find someone who can watch your pets while you move. This is an easy task if you have family living locally who is willing to watch them for you. But this isn’t always an option for some. Some families have to board their pets while they get everything together to move.

This is indeed a great situation for your pet but it can be expensive, even if they stay for just one night.

Stair Fees With Movers

If you’re like most people, you think that when you hire movers that there is just one flat rate for a set amount of hours, and then an additional fee per hour over the allotted time… Well, that’s not the case. If you live in an apartment or building that has stairs and no elevator, movers will typically charge you a stair fee for hauling your items up or down the stairs.

Dumpster Rental

Renting a dumpster isn’t necessarily a “hidden cost,” per se, but more so an unexpected cost. When you first move into your home and live there for so long, you don’t realize just how much “stuff” you accumulate over the years.

Everything from yard sale finds to anniversary and Christmas gifts, your home can quickly fill up with things you needed or wanted at the time but serve no purpose in your life now. And now that you’re in the process of moving, there’s no better time than now to get rid of those unnecessary things.

Unfortunately, you’ve accumulated so much stuff that several trips to the dump just won’t cut it, plus you just don’t have time for that, especially if you’re in a time-crunch to move. The better option would be to find a company that offers roll-off dumpster rental services. That way, you can get all the unnecessary stuff out of your home in one trip or fewer trips, depending on how much stuff you’re getting rid of.

Packing Supplies

As mentioned earlier, most people know they’re going to have to buy packing supplies like boxes, bubble wrap, and packing tape. But what people don’t realize is just how expensive packing supplies can be.

The bigger the box, the more expensive it is; The stronger the tape, the more expensive it is; And the more bubble wrap you need, the more expensive it is. To get the most from your packing, you need to pack strategically so that you can get more stuff in your boxes.

Tipping Your Movers

Come on now, movers work really hard (some do) to move your house from one location to the next, so it’s only right that you tip them… But how much should you tip movers? Well, there are a few considerations to factor in like if they arrived on time, were they working quickly and efficiently, and was there any damage to your property?

It’s recommended that you should tip your movers $4 to $5 per hour (for each individual mover). But this is if your movers did a good job, and again, it’s completely up to you but it’s something you should know to possibly expect.

Not Getting Your Deposit Back and Damage Fees

If you were renting your property before, know that there’s a possibility that you may not get your deposit back and that you might get damage fees as well. After living in a place for so long, you don’t realize how much wear and tear you have on your living space.

Things like holes in the wall, damaged blinds, and stains in the carpet are all things you could be charged for when moving out of your rental property. So be prepared to not only not get your deposit back but also be prepared to pay for any damages incurred over the course of your living there.

 

 

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