You are not only moving to a new place but also changing the routine of your life. While packing and loading are easy and exciting, moving can be expensive on its own – but it also takes its toll on personal finances! Get the basics of how to calculate relocations in this blog.
Introduction to Moving
Moving can be an arduous and expensive task, but it is essential to decide which type of move is best for you. This blog section will provide an overview of the different kinds of activities, their associated costs, and their benefits and shortcomings.
Why is a Relocation an Expensive Process?
Relocation is an expensive process, no matter what your reason for moving. The cost of packing, boxes, and shipping can quickly add up, and you must do your homework before moving to know precisely what to expect. Here are five reasons a relocation is expensive:-
- Transportation: Nationwide, moving costs can be as high as $2,500 per household on average. This doesn’t include the price of temporary storage if you have to stay elsewhere while your belongings are transported. You may have to pay higher relocation fees if you’re relocating outside your normal commuting area.
- Time spent packing and unpacking: Not only will packing and unpacking takes time, but there may also be hidden costs associated with this process, like lost wages if you have to take time off work. Factor in the price of hiring a professional packer or unpacker and the hours you’ll lose during the move. A relocation can easily total hundreds of dollars in lost wages.
- Renting temporary housing: If your move requires that you live out of boxes for some time, you may need to rent.
What are the estimated costs nearing your area?
If you are looking to move in the next six months, several factors must be considered. First, the costs of moving can vary greatly depending on the size and distance of your move and your location. To help ensure a more accurate estimate, here is a breakdown of the estimated costs for different activities: local versus international, short-term versus long-term rentals, and family/single moves.
Local vs International Moves
Most people prepare for a Domestic move by checking online databases such as Zillow and Move to for median home prices and average commute times. However, these statistics are only good for cities within a certain radius of the reader’s current residence. A better estimate can be made with tools such as pmrgo.com or Just www.pmrelocations.com. These websites compare the cost of different moving companies and calculate the average cost for a 2-bedroom house. Move internationally? Not so fast! Even if you do have the funds available, not all countries are ready for human migration just yet. There can also be additional costs associated with international packing & moving, such as visas or shipping supplies not available in certain parts of the world.
Pros and Cons of choosing a moving company based on cost only
Like most people, you’ll want to save money when moving. But which type of move is best for you?
The cost of a move can be an essential factor in your decision, but it’s not the only one. Here are some pros and cons of choosing a moving company based on cost only.
PROS: Moves can be stressful and expensive without worrying about added costs like hidden charges or long wait times. When you choose a company based on price, you can be sure that all orders will be listed from the start.
CONS: Moving companies that focus on cost often charge high rates for low-quality service. You may end up paying more for poor service than you would have if you’d chosen a different company. Plus, if there are any complications during your move, your bill could be inflated due to hidden fees.
Ultimately, the best way to save money on the move is to compare pricing and service options from several companies. This way, you’ll get the best value for your money no matter what type of move you choose.
Additional Fees that may come with the relocation process
The moving costs can be high, but there are a few extra fees you may incur that aren’t always included in the estimate. Depending on your move and location, some of these fees may have:-
Storage rental: If you’re not moving within a week or two of your original move date, you may need to find storage space. This can be an extra cost if you’re not prepared for it.
Packing and shipping supplies: If you plan to pack and ship your belongings, you’ll likely need boxes, tape, bubble wrap, and other supplies. This can add up quickly.
Mileage: If you’re driving your vehicle, you may have to pay for mileage incurred during the move.
Moving taxes: depending on where you live and the size and value of your possessions, you may have to pay taxes on your relocation.
Theft protection: rugged cases, security systems, and other measures can help prevent theft during the move. These prices may vary contingent on your location.
The cost of boxes, packing materials, and labor
The most basic cost of a move is the box and packing materials. Depending on the size and weight of your items, you will likely need at least fifty boxes (each measuring 18 inches wide by 24 inches long by 18 inches high) and enough packing material to fill each container. Costs for professional packing services can easily reach hundreds of dollars. If you are moving, be prepared to spend an hour or more patching together makeshift boxes from old sheets, blankets, and towels.
Cabs and tolls: When you cross state lines, you will be affected by different tolls depending on your route. Expect to pay between $10 and $40 each way in addition to the cost of your vehicle.
Recycling costs: Depending on where you live, you may have to pay
How to minimize the costs of moving
One considerable cost of moving is the rental of storage space and equipment while your goods are in transit. You can minimize these costs by doing some packing ahead of time and using containers that pack and protect your items.
Another cost is the loss of earnings while goods are being moved. Again, consider your work schedule, insurance coverage, and estimate for lost time. If you can delay pick up until after the move is completed, you may be able to get reimbursed for some or all of your lost earnings.
The third cost associated with moving is damage to property during transport. Report any damages as soon as possible to reduce your insurance premiums. And be sure to have an inventory of everything when you start packing to avoid surprises when unpacking.