Moving house is an expensive process.
There’s no denying that. You have to think not only about the cost of moving but the big costs you’ll face in terms of setting up your new home. You might have to buy new furnishings or, at the very least, pay for the renovation of your new house.
You have to spend and save money as wisely as possible to ensure that you can afford this huge step in your life. In this article, we’re going to discuss some of the main financial considerations that will ensure you have a smooth house move.
Figure out the criteria for your new home.
Before you move, you have to figure out what you and your family want out of your new home. Perhaps you’re moving as the result of a change of circumstance (e.g. moving for a new job or a new school for the kids). In that case, you’re limited to properties in a certain location. If you’re simply looking for a change of scene, however, then you have endless options.
Whatever the case, you need to figure out your criteria so that you can narrow down your options. You have to think about the size of your family, the commute to work and school, the nature of the neighborhood, and many other factors that will affect your quality of life.
And if a downsize is the best option for you and your family then go for it. Don’t see it as a step backwards because you’re living in a smaller home; see it as a step forwards in terms of financial stability. If your current home (soon to be your old home) is unnecessarily big then you could save yourself a lot of money by living in a smaller home with your family.
Often, homeowners fail to realize the full potential of the available space in a household. As long as everybody has a bedroom of a reasonable size and your house has all the amenities, why waste money on unnecessary additional space? The money you save could go towards making your new home look and feel much nicer than your old home. It could also go towards the rest of the costs you’ll face during the moving process.
Sell your existing property.
Obviously, you already knew that you needed to sell your existing property, but have you been trying to make as much profit as possible from the sale of your current home? This is an opportunity to raise a lot of money for your house move. By renovating your current household, you could increase its value and make a lot more money.
Of course, renovating can be a time-consuming and costly task in itself. If you can’t figure out a way to increase the value of your home without pouring time and money into it (and undoing any potential additional profit you might make) then you could consider simply selling your property in its existing condition.
You should do some research on the matter if you’re wondering what it entails to sell “as-is”. There are plenty of agencies out there that will offer you a fair cash sum for your household without you having to pay commission to a realtor or forking out a fortune on renovating your home first. That could be a potential option if you’re looking to sell your existing property quickly to raise a sizeable sum of your money for your house move.
Declutter your belongings.
This goes for every member of the family. Whether or not you take our earlier advice to downsize and protect your finances, decluttering your belongings before a house move is a smart way to save some money. The quote you’ll be offered by a removals company depends on the number of things you’ll be transporting.
If you want to save money then see this as an opportunity to finally declutter your belongings. You and your family have probably accumulated possessions that you don’t really want or need over the years. There’s no point in wasting money on taking those things to your new home. You could even sell your clutter in a yard sale to raise some extra money for your house move.
Plan ahead when booking a removals team.
There’s no doubt that hiring a removals team is one of the biggest costs you’ll face during your house move. We’ve already talked about how you could get a cheaper quote by decluttering so that you’re transporting fewer possessions, but that’s only one of many ways to save money when it comes to your house move.
In general, planning ahead when booking a removals team is the best way to reduce the fee. You could get a survey from a removals team so that they can assess the type of van and how many members of staff they’ll need to transport your belongings. Otherwise, you might face additional costs on moving day if you make a mistake with regards to the number of boxes you have; you don’t want the removals company to have to bring out another van and more members of staff.
You should also plan ahead by doing your research. See if you can get a discount on your quote from a removals company. Some businesses will reduce the price of the move for pensioners, students, and members of the armed forces. Check to see if you or another family member might qualify for any of the categories.
Don’t just pick a removals company because it offers discounts, of course; check that their overall quote is still cheaper than other firms in your area. You need to browse the internet well to compare different removal teams. That way, you’ll be sure that you’re getting the cheapest possible deal.
Read online reviews too; there’s no point in saving money in you have to compromise on quality. You don’t want to arrive at your new home to find that boxes have been poorly handled.
Create a post-move budget.
As mentioned earlier, you have to think not only about the cost of your move but the costs you’ll face once you arrive at your new home. There’s no point in emptying your bank account just to move out of your old home and get everything to your new house.
You might have a job all set up, or perhaps you’re sticking with your current job because you’re not moving far away. Either way, you have to consider the expenses you’ll face to get your new home all set up. We’re not just talking about the costs of renovations (because you can fix up your new house gradually) but also getting set up with new utility providers, a new internet provider, a new mortgage (potentially), and many other costs.
Create a post-move budget so that you ensure you’ve got enough money set aside to cover the expenditures you’ll face when you move into your new household. Otherwise, it’ll take you a long time to get everything set up.
As you may know, they is a lot to consider but if you take your time and have a plan in place, you should be just fine.
Happy moving !
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