How to Create a Moving Budget Plan
Planning for a move – whether it’s just across town, to another state or clear across the country – can be overwhelming to say the least.
In addition to figuring out the logistics of how you’re going to physically get your family and all your belongings from point A to point B, you’ll likely have a long list of other individuals and companies to contact to ensure all outstanding bills are paid, services are terminated/activated and any other necessary actions are taken.
But before you start checking off all these other items on your to-do list, the first thing you should do is create a detailed moving budget.
Setting a budget will not only give you a rough estimate of what you can expect to pay before, during and after the move, but will also help ensure you don’t end up paying more in the long-run than you would’ve if you had taken the time to set a budget in the first place.
Here’s an overview of what you should include in your moving budget checklist to keep your expenses under control and avoid being shocked by the overall cost of the move once it’s all said and done.
Before the Move
Account for the cost of your final utility bill, any repairs you will need to make to your home or apartment and any other potential costs associated with leaving your home (e.g., home inspections/appraisals, advertising, cleaning, commission for selling your home, etc.)
Fees for terminating your lease (if applicable), bank accounts, etc.
Research local moving companies and contact the ones you’re interested in working with at least four to six weeks in advance to request a custom moving quote. Work with the professional movers (or the moving truck rental company if you choose to move on your own) to determine what size truck and any additional services or equipment you will need, as these factors significantly influence the cost you will be quoted.
Ask the moving company how much the included insurance will cover should any accidents occur during the move. If you have particularly valuable items that would exceed the included coverage, you may want to pay for additional insurance coverage.
Carefully consider the amount of packing/moving supplies you will need and figure these costs into your budget to your best ability, especially if you’re shipping your items.
During the Move
Factor in how much you will likely have to spend on the trip from your old home to your new one, including gas and any maintenance your vehicle will need before the trip if driving, airfare if flying, food, parking, lodging, etc.
After the Move
Account for how much you will likely be spending once you move into your new home or apartment, including: rent or mortgage payments, home survey fees, property taxes, security and pet deposits, costs associated with setting up utilities, cable and internet, and any other services for which you may be required to pay.
Keep in Mind…
No two moves are exactly alike, so while the aforementioned budget items are the most common costs people moving from one home to another tend to face, this is by no means a foolproof budget, and you will likely have several other things to account for that weren’t included above.
Once you have a rough dollar estimate in mind, you can help factor in the cost of these unexpected expenses by adding an additional 5-10% to your original estimate.
The Go-To Residential Moving Experts in Colorado, Texas, Utah and Wyoming
At Arrow Moving & Storage, we go above and beyond to ensure your household move is as quick, affordable and hassle-free as possible. To learn more about our comprehensive residential moving services or to request a free, detailed quote for your upcoming move, contact us online today.