Unexpected Costs You Need to Expect

Dollars and cents

If you have started to plan your relocation, you have probably noticed that moving into a new home can be very expensive. But even if the most organized individuals can forget to add a number of relocation expenses to their moving house budget. The unexpected costs you must never forget when you are relocating are mainly related to:

  • Utilities
  • Insurance
  • Replacing old items with new
  • Storage

Utilities

When changing internet providers, gas or electrical companies, chances are that you will be required to pay at least one fee. Most utility companies will charge you to transfer the service to your new property. Also, if your current contract with the company has not expired you may need to pay a penalty fee. When you finally get to move to your new home, your electrical company may also charge you for something as simple as updating the billing information for your new and old addresses. It is advisable to go through your current contracts with all of your service and utility providers a few months before the day of the move so that you can have plenty of time to arrange the annoying details.

Insurance

If you are thinking that your insurance rates will stay the same after you move, you are up for a big surprise. Even if you are relocating to a nearby neighborhood, your rates may still change. For those moving interstate, the situation is often more complex. That is because they may need to find a new insurance company. That may be valid for all types of insurance you have. Therefore, read your insurance coverage contracts or meet with a representative of your insurance company to discuss the situation. Research all of your options as early as you can. Switching to a new insurance company at the last minute can cost you dearly. And yet, there is no need to despair because your rates may also stay the same or to even become lower.

When old is not good enough

One great way to reduce your relocation expenses is by using the home appliances and furniture you that you already have. However, you never know when this strategy will backfire on you. For instance, imagine that your fridge does not fit into your new kitchen or that your bedroom cabinets do not go well with the floor in the master bedroom. When you are faced with such a situation, you will need to invest in new furniture pieces or home appliances which will certainly cause more damage to your moving budget. The best way to prepare for such scenarios is by carefully measuring all of your bulky items to see whether they will fit into your new property or not. Also, take into consideration that the style of your future home may be very different compared to that of your old home. Last, but not least inspect your appliances and furniture at least a few weeks before the move.

Other unexpected costs which you can add to that list are for things like storage, packing supplies and car registration.