Investment

The Hidden Costs of Moving House

When you’re moving house, there are a lot of costs that may not occur to you at first. It’s wise to plot out a budget of all the costs you’re going to incur while moving, and it’s not just the fee of renting a van for your couch. There are also other things to consider that you may or may not want to handle yourself, especially based upon how many times you’ve moved or your physical health. Moving in general is inevitably expensive. If you’re renting, most likely you needed to put down a deposit on your new home, and possibly pay a broker’s fee. If you’ve purchase a new home, all of the fees and down payment that comes with that process will probably leave you feeling broke. The key is to predict exactly how much you’re going to need, and where you’re willing to cut corners. Don’t catch yourself early in the morning desperately trying to move your giant catch down a flight of stairs alone. Here are four tips on the hidden costs of moving you should plan for in advance.

Credit Checks and Deposits

Moving House Is Not Cheap
Moving House Is Not Cheap
When you’re renting and applying for residency, part of the process will probably be paying for a credit check. This involves planning for two things. You should know what your credit score (Check Your Credit Score Online) is so you don’t waste your time if it’s too low, and you should also plan to pay for the cost of the check. Once the landlord has cleared your application and approves of your credit score, if you want to secure the rental property you’ll need to put down a deposit as soon as possible. In fact, as you’re looking at apartments, if you’re searching during a busy season when properties are getting snapped up quickly, be prepared to offer a deposit right there on the spot. Having a cashier’s check is a good idea, but never give anyone cash.

Broker Fees

Sometimes you can find a home without a broker or real estate agent, but it often depends on the real estate season. If it’s a slow time of year, then chances are more landlords or sellers are looking for potential tenants and buyers. However, if it’s a busy time of year, you’re going to be hard pressed to find anything decent on your own. The biggest issue with this state of affairs is that often, the broker’s fee is one month of the rent. Therefore, if you find an apartment you like through a broker, you’ll be expected to pay the deposit, probably first month’s rent, and then a broker fee on top of it. This is a huge expense, so be prepared if you need to go through with it. Bear in mind, though, that many brokers will haggle their fee.

Just One Van Won’t Cut It

Find A Moving Company That Is Both Responsible & Affordable
Find A Moving Company That Is Both Responsible & Affordable
Depending on how large your home currently is, estimate how big of a truck or van you need. Then double it, because all your possessions take up far more room than you think they do. If you’re doing the move yourself, this is especially important. Having to hire an additional van will cost far more than just getting a big truck in the first place, and making numerous trips back and forth is extremely stressful. Overall, if you want to have the least stressful moving experience possible, rent an oversized truck so there’s no question that it’ll fit all of your belongings. Furniture takes up a lot more room than most people think. You can also measure everything, but you’re still better with over estimating. Then you don’t have to worry about everything not fitting. On the other hand, you might want to hire movers to professionally move your things into your new home. If you go with this route, make sure you get a good referral from someone that’s used the same moving company, because some movers are unscrupulous and will steal things. When you go with reliable, trustworthy movers, though, it cuts back on a substantial amount of stress.