When you move, you may be thinking only about the budgeting for the move or purchasing packing supplies, paying the moving company, and any other fees that arise from moving out of our home. But you also need to consider what it costs to move into a home. Moving in costs that you hadn't considered and costs that can be quite substantial. So, to determine exactly how much it will cost for your entire move, find out what costs you might incur when moving into your new home.
01 of 06
Depending on how you moved - whether you hired movers or moved yourself - will determine how much stuff you left behind. If your move was based on weight, meaning the movers charged you per pound, you probably got rid of a lot of stuff and scaled down your belongings to just the essentials. But what happens when you arrive at your new, stripped-down home to discover you may have been a little too efficient? What will be the real cost of your move when you finally replace those items you left behind?
When budgeting your move, take all costs into consideration. It's incredible how much your budget increases when adding in the amount you'll spend to set-up new utilities, register your vehicle in a new state and restock your pantry. So carefully weigh (literally) your decision whether to include that jar of oregano or the toothbrush holder before you leave them behind.
02 of 06
When you calculate the cost of how much your next move will save or cost you, remember to take into consideration all the costs that go along with moving. It is more than just the cost of your new house versus what you sold your old house for. There are so many other factors you need to include in your calculations. Weigh all the options so you know what is your best move.
03 of 06
Moving to another city, state, or country means needing to get to your new home. So when calculating the cost of your upcoming move, don't forget to include travel to your new home. It's a good idea to factor in these costs while you're planning your move to ensure you've allocated enough funds and that any little emergencies that arise are accounted for. Also, remember that while traveling because of a move is about reaching the destination and your new home, there's no reason why you can't enjoy the journey along the way.
04 of 06
As we all know, moving is expensive, so keep your receipts, then see if they can be deducted when you file your taxes. Rules vary according to your government's stipulations. For instance in Canada, individuals or families who moved to attend full-time school or for a change in job or job location or to continue running a business, may be able to claim their moving expenses. In the U.S., moving expenses may be claimed if individuals or families moved in the previous year because of a change in job location or because they started a new job.
Trying to determine if you can deduct and what you can deduct may take some time and patience; it can, however, pay off in the end.Continue to 5 of 6 below.
05 of 06
Moving is going to cost you money no matter how much you try to cut back, so the best thing to do is to figure out exactly how much you'll be spending then you can see where you might be able to cut costs. Create your own moving budget, and determine exactly how much you'll be spending to move from your old house to your new home.
06 of 06
Moving Costs When Moving to Another State
When considering a move to another state, most people wonder if they can afford to live in the new location. Housing costs are the first priority when assessing costs of living. Research what is available and how affordable homes are.