The “Real” & “Hidden” costs of moving.
You finished poring over listings and have finally found your perfect home. Your offer was accepted and you’ve been ecstatic with excitement and overcome with anticipation. After weeks of preparation, it’s time to make it all a reality, because it’s moving day!
With the cost of real estate rising, making yourself aware of any extra costs associated with moving is helpful when budgeting and will also eliminate any surprises that may pop up on the big day.
Here’s a list of the “real” costs – the ones you might be expecting on moving day – and some you may have overlooked…
The “Real” Costs
Hiring movers or renting a moving van
The first thing you’re going to consider is how to make this move happen. Are you going to hire a business to assist you? Or will you grab some family and friends, rent a big van, and do it all yourself?
When using a moving company, think about the extra costs like the distance to your new home, insurance, and even tipping your movers. For extensive moves, it goes a long way to treat your movers well. Buying them snacks and giving a good tip means they treat your stuff with extra care.
If you choose to move yourself, be aware that the cost of the van won’t be your only expense. You’ll also need to get some sort of insurance, with a possible day off work, and it might be nice to treat your friends, family, and whoever else is helping you that day to some snacks and refreshments throughout.
You may also consider shipping some items if it’s a long-distance move and you’re not a packrat.
Don’t forget all the boxes, bubble wrap, tape, and other packaging supplies you’ll need to pick up for moving day.
Some companies may include these supplies in their fee or offer them at a cost, so have a chat with your moving company about preparation.
If you’re moving yourself, you’ll be on your own with these costs. Picking up spare boxes at the grocery store or collecting them over time could save you some money in this area. Just be sure the boxes you find are sturdy; the cost of broken knick-knacks falling out the bottom of an old box is more than the cost of a simple new box itself.
Whether you’re moving out of a rented space or have just sold your home, giving it one final scrub down is essential if you don’t want to lose your deposit or jeopardize any closing costs.
If you’re going to do it yourself, you’ll want to buy additional cleaning products and supplies in order to do an adequate job. There’s also the option of hiring a service. It’ll cost a bit more but could alleviate some stress leading up to your move.
The Hidden Costs
Are you a hoarder? A temporary storage pod or container may be essential if you have too many things to fit in a moving van or if you’re moving too much stuff into a smaller space. They’re handy because they give you extra time to load and unload your belongings but will carry an additional, ongoing fee.
Extra travel costs
Depending on where you’re moving to and the distance between point A and B, you may encounter some extra travel costs such as gas, hotel stays, and meals along the way.
These costs can add up the farther you need to travel to make it to your new home.
Child or pet care
If you have kids or pets, you may not have considered hiring a sitter to watch them on moving day.
Kids that aren’t old enough to be unsupervised during the move may get in the way or get hurt as people are moving heavy furniture throughout the house.
With your four-legged family members, keep in mind you’ll probably have at least one door in the house held open to accommodate your movers, making it an easy escape for those adventure-seeking dogs and cats.
Utilities and bill transfer fees
You should also be aware of the different transfer fees you’ll need to pay when you move. Hydro, utilities, and home phone services can all charge a fee that varies province to province when you change addresses.
With cable and internet, you may also need to consider a cancellation fee or additional service fee if they need to install anything at your new house.
Make sure you understand all the costs associated with your move so you’re not surprised on moving day.