Housing Hacks: Costs of Moving You Might Have Missed


    Share post:

    According to statistics, an average person moves approximately 11 times in a lifetime. And whether you are moving from one state to another or just one neighborhood over, the process will always be costly. From the obvious things like hiring movers to paying rent, costs of moving always involves a lot of expenses.

    Often there are small things that are often overlooked but take up part of your costs of moving. Here are other expenses you need to take into account so you don’t end up getting short on cash:

    Packing materials

    You could either hire movers to pack your belongings for you or do it yourself. Either way, it will cost you money. If you’re DIY-ing it, you’ll need to buy materials like cardboard boxes, packing tape, bubble wrap, etc, and these expenses tend to pile up.

    Broken things

    Sometimes, getting things broken while in the process of moving in or out is totally unavoidable. Some of your furniture or appliances could get scuffed or destroyed, and depending on the damage, you’re going to be forced to replace them or have them fixed. Things like electronics are not cheap and it could blow your budget completely.

    Security deposit

    Many people assume that they will be getting their security deposit back. But sometimes, landlords are not willing to fork over security deposits. If you’ve lived in a place for a long time, you may not notice the damage you have done to your place and a landlord’s discerning eye can pick out these damages and cite them as reasons not to give you your security deposit back. And there goes the money you were expecting.

    Start-up costs 

    Whether you are buying or renting, there are miscellaneous fees that need to be factored into your budget. These are things like down payment and closing fees if you are buying the property, security deposits, application fees, and even pet deposits.

    Stair fees

    Movers actually charge stair fees if you are moving to or from a building that has no elevators, or if the elevator happens to be busted on the day of your move. Lugging heavy things up and down the stairs is not easy, so expect to get charged extra if your building doesn’t offer the convenience of an elevator.

    Unforeseen circumstances 

    Things don’t always go according to plan. You might find yourself needing to check in to a hotel or motel for the night because of unexpected circumstances, or you may need to pay for a parking ticket stuck to the windshield of the moving van your movers parked illegally, or maybe board your pet if they are older or have anxiety. A number of things could happen, and these cost money as well.

    It’s important that you do your research and set a more inclusive and comprehensive budget for moving, and plan for unplanned situations. And if you don’t want to get stuck or end up using part of your savings which is for something else (maybe for travel or for retirement), you need to prepare well for your move. It’s always a good idea to have a bit of extra left over than to be left on a deficit.

    This article originally appeared on Payment1.com.

    Find more housing tips here.


    Please enter your comment!
    Please enter your name here

    Related Posts

    Latest posts

    Real Estate Developers & Agents To Come Out and Register Under RERA: Anand Kumar, Chairman, NCT of Delhi RERA 

    Real Estate Developers & Agents To Come Out and Register Under RERA: Anand Kumar, Chairman, NCT of Delhi...

    Healthcare Giant Narayana Hrudayalaya Invests in Bengaluru Real Estate: Southern Market on the Rise

    Bengaluru Real Estate: Narayana Hrudayalaya, a healthcare company, recently bought a piece of land in Bengaluru for a...

    The aspiring generation driving growth of the student housing segment

    Over the past decade, India’s education system has transformed immensely. This is further accentuated by the country’s technological...

    Commercial Integration – Reshaping India’s Residential Landscape

    - by Akash Pharande, Managing Director - Pharande Spaces One important feature changing how people live and work in India's fast urbanizing terrain is the...