As a residential realtor in Indiana, I understand that moving isn’t just a logistical challenge; it can also strain your finances if you’re not prepared. Whether you’re upgrading to your dream home or relocating for work, knowing the financial costs of moving can help you plan and avoid unexpected surprises. Here’s what you need to know about the expenses that come with moving and how to prepare for them.
1. Moving Services
Hiring professional movers can make your relocation much easier, but it comes at a price. On average, local moves cost between $500 and $2,000, depending on the size of your home and the distance. For long-distance moves, you might spend anywhere from $2,500 to $5,000 or more. Be sure to get multiple quotes from moving companies and ask about any additional fees for services like packing, storage, or handling specialty items.
Money-Saving Tip: If you’re on a budget, consider renting a moving truck and doing it yourself. Just be sure to factor in the cost of gas, insurance, and any necessary equipment rentals like dollies or moving blankets.
2. Packing Supplies
Packing supplies like boxes, tape, bubble wrap, and packing paper can quickly add up. Depending on the size of your household, you could spend $100 to $500 on these items. To save money, ask local stores if they have free boxes available, or use towels and clothing as padding for fragile items.
Money-Saving Tip: Look for moving kits online, which often bundle supplies at a discounted price.
3. Utility Transfers and Setup Fees
Moving to a new home often means transferring utilities like electricity, water, internet, and gas. Many utility companies charge setup or transfer fees, which can range from $50 to $200 per service. Be sure to check with your providers ahead of time to budget for these costs.
Money-Saving Tip: Compare internet and cable providers in your new area to see if you can find a better deal or promotional offers for new customers.
4. Cleaning and Repairs
If you’re selling your home, you may need to invest in cleaning and minor repairs to get it market-ready. Even if you’re renting, landlords often require you to leave the property in good condition to get your security deposit back. Professional cleaning services can cost $150 to $500, while repair costs will vary depending on the work needed.
Money-Saving Tip: Tackle small repairs yourself if you’re handy, and consider a deep cleaning weekend with friends or family to cut costs.
5. Temporary Living Costs
Sometimes, there’s a gap between when you leave your old home and move into your new one. Temporary housing, storage units, or hotel stays can add up quickly. Storage units typically cost $50 to $300 per month, depending on size and location, while hotels can cost $100 or more per night.
Money-Saving Tip: Plan your move carefully to avoid unnecessary delays, and explore short-term rental options through platforms like Airbnb.
6. Travel Expenses
If you’re moving a long distance, don’t forget to account for travel costs. This includes gas, meals, and lodging along the way. For families with multiple vehicles, these expenses can double or triple.
Money-Saving Tip: Pack snacks and meals for the road to avoid frequent stops at restaurants.
7. Unexpected Costs
No matter how well you plan, unexpected expenses can arise. Perhaps a piece of furniture doesn’t fit in your new space, or you’ll need to buy curtains or appliances. These incidental costs can add up to hundreds or even thousands of dollars.
Money-Saving Tip: Set aside an emergency fund for your move, ideally 10-15% of your moving budget.
Final Thoughts
Moving is a significant financial undertaking, but with careful planning, you can manage the costs and make your transition smoother. As your local real estate expert, I’m here to help you navigate the home-buying and selling process every step of the way. If you’re planning a move in Indiana, don’t hesitate to reach out for personalized advice and recommendations.
Looking for your next home or have questions about the moving process? Contact me today to get started!
Photo: Pinterest / Just Average Jen
