If you plan to move this year from your Windsor home, one of the best things you can do for yourself is take the time to prepare a moving budget. Moving from one home to another can be very costly if you don’t do the right research or take the time to budget. Be prepared on what the move is going to cost you and leave some room for those unexpected financial surprises.
Even before you put your home on the market, take some time to investigate the following. If your house sells quickly, then you will already have done the work.
1. Moving Company
Will you be hiring a moving company? If so, you will need to know the following:
Moving fee: Find out what this entails. Usually it includes the fuel and labor. Get three estimates and if you haven’t decided what company to use, then add the highest quote to your budget.
Insurance: If you have items of value, you may want to add extra insurance to your moving costs.
Extra Services: Do you have a piano that needs moving? Be sure and ask the movie companies what they charge for larger, more difficult pieces of furniture.
Extra Charges: This could include any number of things such as long carry charges, long haul charges, etc. Get it in writing.
Packing: This is optional and if you desire this service, ask what it includes.
2. Moving Yourself
If you plan on moving yourself, then include these costs in your budget:
Truck rental: These rates vary according to whether you are moving one way or returning and the size of the vehicle.
Mile/Gas: Be sure and ask how many miles to the gallon your particular truck will use.
Insurance: Contact your insurance company as well as credit card companies and see how you are covered. This could be a very welcome savings if you don’t need to purchase additional insurance.
Equipment rental: Ask if extra equipment, such as a dolly, loading ramp, furniture and mattress covers are included in the price.
Extras: Always add more to this line item simply because things happen. The price of gas goes up, or you need to make additional stops on your route.
3. Packing and Storage Fees
Be sure and budget for the following. It’s amazing how these can increase your moving budget.
Boxes: How many will you need? For example, a typical 5 – 6 room home (2700 square feet) may include the following:
20 moving boxes (small)
15 moving boxes (medium)
10 moving boxes (large)
5 moving boxes (extra-large)
5 wardrobe boxes
1 electronic box
1 150 ft. roll of bubble wrap
8 sealing tape
Mattress/Furniture Covers: Moving companies usually provide these at no cost, however, if you are moving yourself, double-check to see if these are included.
Storage Unit: Are you going to be using a storage unit at any time during your move? If so, include the price here. Take advantage of those that offer deals like “buy one month, get one free.”
Insurance: If you are storing your valuables, it would be a good idea to get extra insurance.
Once you have these figures added up, you should have a rough idea on how much it will cost you to move. When setting up any budget, I always suggest fluffing it up a bit so there won’t be any surprises. People usually have no idea how expensive it is to move and rarely plan for it. In fact, many don’t even think of it until they receive an offer on their home and they make such rash decisions that they end up paying a lot more than they should.
Once you have the budget at this stage of the game, you now have time to find out ways how you can save during your move. This can be achieved by:
1. Getting rid of junk. Sell, donate or toss anything you don’t want to take with you.
2. Find free boxes. You can find these at local business. All you need to do is ask.
3. Pack items yourself. While it’s nice to have the professionals do it, you can save lots of money.
4. Move during off-season: If you move between September and May you may save some money.