Budget for typical relocation expenses – How to keep relocation costs low
My biggest piece of advice for cutting stress when moving is to create a moving budget and stick to it. If you haven’t moved long distance before, you may not know what relocation expenses to include in your budget. Lucky for you, I am a moving expert. No, really. I am “all moving, all the time.” I can help you figure out your typical relocation expenses so you can stick to your moving budget! Let’s explore some common relocation expenses, followed by ways to keep your moving expenses low.
Typical relocation expenses
- Packing supplies. You will want to budget for quality moving boxes and supplies. Why? Well, if you just grab boxes out of your neighborhood dumpster, your goods may get damaged. Professional moving boxes are made specifically for packing household goods, and to help prevent damage. Don’t forget to leave room in your budget for things like dish pack boxes, wardrobe boxes, Bubble Wrap®, straps and tie downs, and a furniture dolly in order to safely pack and load your items for transit.
- The move. The cost of your move can vary greatly depending on which type of moving service you choose. Full service movers are typically the most expensive. You may think truck rental is on the cheap end of the moving spectrum, but think again! Usually once you add in the other costs associated with truck rental (liability coverage, fuel, taxes, towing your car, etc.), truck rental costs can really add up. Check out the moving prices from U-Pack with a free moving quote. U-Pack is a self-move service, where you pack and load, but U-Pack does all the driving. So you can get affordable rates comparable to truck rental, but not have to worry about budgeting for all those extras.
- Travel during the move. You not only have to budget for moving your stuff, but you have to budget for your travel as well! Consider your lodging and food on the road. If you're stopping for the night at a hotel, be sure to build that (plus meals) into your budget. If you stay with family or friends along the way, you may even want to factor in the cost of a small thank you gift.
- Finding a new home. If you are using a realtor or housing service to help you find your new home, there may be fees involved. Most realtors charge 2% on the buying side, and 6% on the selling side, so don’t forget to budget for those fees as you prepare your relocation expenses.
- Utility deposits. As you disconnect and reconnect your utilities, you may have fees to pay, along with deposits to put down. The last time I moved, I had to pay $25 to have our water turned off before the billing cycle was over. I also had to pay deposits for most of our utilities. This isn’t a typical relocation expense to think about, so don’t forget to make room for these costs in your budget. Utility company deposits can range from $25 to $200, depending on the service. You can determine your exact charges. Just call your utility providers to find out how much your fees will be.
- License and registration. If you are moving to a new state, you will have to get a new driver’s license and vehicle registration. Check with the Department of Motor Vehicles in your new area to determine the new license and registration fees (which vary by state). Don't forget to count those fees for each adult and vehicle in your household when calculating your moving budget.
- Renovations. Anytime you move, you will incur some costs to upgrade your new place. From buying cleaning supplies to make the new place sparkle, to last-minute purchases (like a new ceiling fan or tools), to new furniture, you may have to shell out some money after your move. Depending on the condition of your new place, try and budget for some of these expenses.
How to Save On Your Relocation Expenses
It doesn’t matter if you are paying out of pocket for all your relocation expenses, or if your company is footing some of the bill. Either way, you will want to move as affordably as possible. Like I said before, a rental truck may not be the most economical way to move. Keep in mind that driving a rental truck would add fuel costs, plus extra hotel stays and meals on the road (it's recommended for safety that you don't drive over 55 MPH in a rental truck when pulling a trailer, so it could take much longer to arrive at your new home). If you want to save time and money, check out U-Pack! Moving services such as U-Pack can save time and money in the long run by taking care of the driving for you. How exactly does a U-Pack move work?
- U-Pack brings a moving trailer or moving container right to your door.
- You pack and load your stuff inside. Or if you want a move that is more like traditional full-service movers, we can recommend a network of experienced movers who can help you do the work.
- Once you are all loaded, U-Pack does all the driving, delivering your stuff right to your door!
- You unload (or use moving help).
- U-Pack picks up the empty equipment.
Keep your moving budget down to just the typical relocation expenses. Avoid overpaying for your move with a free moving quote from U-Pack— you'll be surprised at the savings.
If you have questions about other typical relocation expenses, moving with U-Pack, or relocating in general, just leave a comment below.