So, the deal on your real estate offer has gone through, and it’s confirmed. You are officially the owner of your new home! It can be both exciting and overwhelming at the same time. It may seem like there is an endless list of items you have to do, and furnishings top the list, especially for first-time home buyers who may not have a lot of furniture to move. Which, by the way, can also be seen as a blessing since you may not have much to pack. For most, the focus is placed on the most challenging part, which is finding the home. However, you can’t overlook the costs of moving and should budget for it well in advance.
You have plenty of options to choose from when you are planning to move. This can include anything from hiring full-service movers, to ordering a pizza and asking friends that you lent a pencil in 7th grade to pay back the favor. If you’re opting for professional services, take into consideration the size of your home and the distance between your current and new home.
A great resource from mymovingreview.com breaks down the average price of moving, and have shared the prices, relative to the size of the home. They have stated that the average price per hour for a local move costs about $25. If you’re looking for movers to pack and unpack items for you as well, that would cost approx. $25-$30 an hour.
- Studio apartment: 2 professional movers working for 3-5 hours at an average of $25 each per hour = $150-$250 for completing the entire moving job.
- 2-bedroom apartment: 3 local movers working for 5-7 hours at an average of $25 each per hour = $375-$525 to get the job done.
- 3-bedroom house: 4 professional local movers working for 7-10 hours at an average of $25 each per hour = $700-$1000 to complete the house move.
Larger homes: the estimated local moving costs for larger homes (5,000 square feet and up) rise sharply and can reach values around $1500-$2000, and even more.
If you are opting to choose a more budget wise plan, here are some options that you have to put those dollars towards other things that you will need for your home. Here are some moving and packing tips that can help:
Do it yourself
Your moving cost greatly depends upon your decision whether you hire professionals to manage the entire move, or you do it yourself by renting a truck. If cost is your major concern, you should preferably opt for DIY. Packing your belongings yourself and then hiring a truck to transport them to your new place is a viable option. You can save significant costs by having your friends/relatives help you with packing and then renting a truck that charges per mileage or hour (for short distances). Some real estate agents have transporting trucks of their own that you can use for free for short distance move.
Get rid of unnecessary stuff
“When it doubt, throw it out. This is what my mom used to tell me, and the older I get, the more I understand what she meant. When you are ready to leave for your new home, leave as many possessions as possible. Why pay to carry the stuff to your new house that you seldom or never use? Cut the cost and hassle by getting rid of all the junk. It will not only reduce your load but also save you time in packing. Give away extra things to your friends/relatives, donate whatever is charitable and throw away what’s unwanted.
Save on moving boxes
You never know how much stuff you have until you start packing it in boxes. You will be needing an abundant supply of packing material, so the more you have, the better. Ask your friends/neighbors/colleagues for used boxes. You can also check with your nearby grocery store; they might have extra boxes available. Use recycled or used cartons to pack your stuff. They are a cheap alternative for packing and storing stuff.
Consider using off-site affordable storage units if you have to keep your possessions in storage for a while to save money. You can also ask your friends to let you use their free space for storage, if they have any.
Cleaning and repairing
The house you just bought needs to be cleaned before moving in and unpacking your things. You can either hire professional cleaning services or do it yourself to cut cost. Similarly doing small repairs and removing waste on your own instead of lending it out to contractors can help you save money.
Setting up utilities with multiple services can help you to avoid the set-up cost for individual service.
Consider the Cost of Moving Vs. Replacing
Remember some of the additional costs if you are carrying out the move yourself. This includes truck rentals, rental, and gas. Sometimes, it’s better to move a household item with you than leaving it behind and having to replace it later. You need to make this cost comparison before opting for moving or replacing. Whichever is cheaper, go for it. At the end, don’t forget to reward yourself, and those who helped you, we know it’s not easy, but it is definitely worth it.