The Cost of Moving: 4 Financial Considerations for Your Next Relocation

Friday, February 23, 2018, 6:00 AM | Leave Comment

Everybody knows that moving is expensive, but few people realize exactly how costly it can be.

There are a lot of different factors that you will need to consider when determining how much money you need to move.

Here is a few points to consider before you get started on the moving process.

The Cost of Moving 4 Financial Considerations for Your Next Relocation

  1. Packing Supplies

    One of the first expenses you will need to think about is packing supplies. This includes boxes, tape, bubble wrap, and other packing supplies. Though individually these things may not seem to be expensive, the costs can add up quickly.

    You can buy all of these packing products at an office supply store. You can also search for free boxes on websites like Craigslist and Freecycle or behind grocery, liquor, and book stores.

  2. Moving Company

    Hiring a professional moving company, like Bekins Van Lines Inc, can be a big part of your budget.

    Although you can choose to move all of your belongings on your own, it is much easier to hire professional movers. They can finish the job quickly and safely, so all of your belongings are transported without any damage.

    Moving companies typically consider the weight of your possessions and the distance needed to travel when determining your quote. Keep this in mind when planning your costs.

  3. Utilities

    You will also need to transfer and pay off your utility bills when you move.

    In addition to setting up new accounts at your new address, you will need to pay off any past balances. This is an incredibly important step. However, many people save this step for last.

    You don’t want to forget to switch over your utility bills so that you won’t be moving into a completely dark apartment.

  4. Transportation and Lodging

    Are you moving a long distance? If so, you will need to consider transportation and lodging costs needed to get you to your new place.

    Think about how you will be getting to your home, how long it will take, and where you will stay during the process.

    You should also consider what you will eat when moving. You may want to include take-out into your moving budget if you think it is necessary.

There are a lot of different financial factors you will need to keep in mind when planning your next relocation. Be sure to plan your budget far in advance so you can be sure you have enough money to get to where you need to go.

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