As you plan to move to a new home, you've likely already considered the costs of hiring a moving company and purchasing packing supplies. However, there are other costs associated with moving you might not have considered. Having a plan for these additional costs can make it easier to budget for your move and not leave you feeling penniless once you arrive in your new home. Use the following to help plan your complete moving budget.
Replacing Items
Even with the most careful packing, you may lose a few items to damage. You may even find that some of your items were already broken before being packed and will need to be replaced. Consider setting aside a small bit of savings to go toward replacing items such as broken lamps or chipped dishes, and remember that you'll also need to budget for replacement groceries as well. You'll probably need to replace condiments from your refrigerated as well as some perishable goods, including milk, eggs, and butter. Plan on spending more than your usual amount at the grocery store for your first trip after moving into a new home.
Self-Storage
If you are downsizing to a smaller home, or if you simply don't want to fill your new attic or basement with storage boxes, you may want to consider a storage unit. These units represent an additional monthly expense, so be sure to account for it in your moving budget and your monthly expenses going forward. There are ways you can save on the cost of storage. For example, some moving companies also manage storage facilities. You may be able to obtain a discount from renting your storage unit from your moving company.
Deposits
Moving to a new apartment likely means paying a security deposit, but there are other deposits you may need to account for as you move. Some moving companies require a deposit to secure your moving date and guarantee your moving crew will be available to help you transition to a new home. Utility companies may also charge an initial deposit for setting up new service. This is particularly true if you are moving to a new area and have not previously established a relationship with the local utility companies. It's a good idea to make a list of all deposits you'll need to pay in advance so you can budget for them.
Day-Of Expenses
Moving day expenses can sometimes be the most unpredictable. You may need to make a run to the store for extra packing or cleaning materials, and you might also find that you have to make some small repairs to your home on the day of the move. If you are ordering lunch for your family and the movers, you'll need to account for the cost of food plus the delivery tip in your moving day budget. Tipping the moving crew is sometimes allowed and encouraged, so you should have cash on hand for this expense. It may be hard to determine how much money you'll need to cover incidentals on the day of your move, but having some extra cash set aside can help alleviate some stress.