The Forgotten Element?

5 Moving Costs to Budget for When Relocating

Moving homes comes with a hefty price tag because there are a lot of things to consider and budget for. While removalists' fees are certainly the highest cost, the other costs which add up to a pretty sum, and you should know all of them so that you're well-prepared before moving day. Naturally, moving expenses increase the further away you're moving. This article highlights likely moving expenses for both near and far-away moves. Keep reading to learn more.

  1. Removalists' fees – you should get at least three binding quotes (an assessor will be sent to evaluate your belongings or you will fill an online checklist that forms the basis of quotation). Check to ensure the quote includes packing, packaging materials, and unpacking.

  2. Exclusive services – the above are standard services; extras like dismantling and assembling appliances or furniture, disconnecting and reconnecting utilities (e.g. internet and cable TV), fragile items needing special carriage (art, pianos, antiques etc.), specialised equipment like hoists and tail-lifts for large items, will cost extra. Give as many specific details as possible to get an accurate quotation and avoid surprises

  3. Road tolls/parking fees – if there are any road tolls or parking fees to be paid, be sure to plan for them, or ensure that movers have considered them in their costs.

  4. Late fees – these may be charged if you keep the movers waiting too long – either at your old or new residence – depending on stipulations of your contract. Confirm that your new home is ready and that you'll have access to your expected arrival time and choose moving hours that work best for you and your family.

  5. Storage fees – these may apply if you're not going straight to your new home from the old home. The fee is usually included in your quotation if you specify beforehand. You can also make your own storage arrangements

  6. Insurance – check your home insurance policy to find out whether your belongings are insured during a move. If not, removals companies provide in-transit insurance and the premium is based on a percentage of the value of your belongings. You may want to value and insure special items separately, particularly if the policy pays a standard fee per item. Remember that some companies may not cover you if you've done your own packing. If the movers provide insurance, confirm that the limit on claims is acceptable for you. Get insurance details in writing in case you need to make a claim.

  7. Miscellaneous – these are costs you'll incur on yourself or your family, such as meals for the day, transport to the new house, accommodation (if travelling long-distance or taking time between moves) and cleaning (both old and new home, depending on your lease agreement) among others

In addition, it is helpful to set aside a contingency fund to cover unexpected costs, even after you've budgeted for all the above. Moving is a huge undertaking involving many variables, and such a fund will help in case you forgot something.