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Moving can be costly, which is why you should first identify your moving budget and calculate the costs beforehand. Failure to a budget can lead to unexpected spending that can shock you once you get to your new home. Familiarizing yourself with what you need to spend during your move prepares you for what is coming. The most critical part of budgeting for a household move is factoring in the various costs. You can write them on a piece of paper or a spreadsheet and come up with a budget. Here are the basic moving costs to factor in.

Cost for hiring professional movers

Hiring a professional moving company saves you all the stressful effort and time for moving and simplifies the entire process. It can even save you more money in the long run. When hiring a moving company, keep in mind that they charge based on the distance of the move and the truck’s weight. Factor in costs such as rate of the move, packing services, insurance, and other hidden fees. If you need the movers to provide additional optional services such as unpacking after the move, enquire about the charges.

Cost of a DIY move

You may decide to move on your own to save some bucks, but there are also costs to factor in, including truck rental, which may differ depending on the size of truck you hire. You also should factor in gas and remember that the truck rental company may have rules on how much gas you should return the truck with. Other costs are additional insurance and truck equipment such as a ramp and dolly. If the truck rental charges an hourly fee, you have to find people to help you with fast loading and unloading, which may be costly.

Packing materials

Budget for your packing materials as you will need many packing boxes, tape, packing paper, plastic wraps, mattress, furniture covers, etc. Ensure you invest in quality packing materials to keep your items safe during transportation. Your moving company may provide or rent packing materials.

Your transportation

Unless you are traveling in the truck moving your items, you need to factor in your transportation costs. Gas costs can build up if you are moving further away from your current location. If your move is not over in one day, account for other expenses you will incur such as accommodation and meals.

Storage costs

If you will not move everything into your new home at once, factor in short-term storage costs. You might decide to rent a portable storage container, or you can have the moving company store the items for you. Calculate the costs of the storage unit and the transportation costs of getting the stuff to the storage area.

Other moving costs

Other moving costs to calculate include cleaning services for your new home, child care, and pet care during the move, and additional real estate costs like down payments and home improvement costs.

Costs of settling in

Even after moving, you will still incur additional costs such as utility setup. Also, budget for the household items you need to buy urgently for your new home, such as the appliances you have left behind.

The takeaway

Research ways to cut down costs during a move to minimize your overall spending.

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