When you move into a new house or apartment, it’s impossible to keep track of every detail and situation that might arise. But you can make your relocation go as smoothly as possible if you include smart budgeting in your plans.
Here are some steps you can take to create a budget that will help you with your upcoming move:
Create or download a template:
It’s easiest to budget when you have a line-item template to use. It will keep your costs all in one place, where they are easy to access and simple to read. As you plan your move, you’ll want your budget to be as convenient as possible – you’ll be referring back to it often!
Add in your Home Movers’ Cost:Get quotes from three different moving companies and add the highest one to your budget.
Add extra services:
This expense includes having your professional movers pack your house up for you, unpacking your things in your new place, preparing major appliances and furniture for transportation, etc.
Add extra charges:
This cost includes special transportation (such as trucks with controlled temperatures for moving sensitive material), moving over a holiday or accommodating a tight schedule.
Add existing home repairs:
If your current house or apartment has repairs that still need to be taken care of, check your lease to see who covers those costs, whether it’s the tenant or the landlord. If it’s your responsibility, add the estimated repairs to your budget.
New home costs:
This expense includes rent (if applicable), your security deposit, legal fees, new furniture, building insurance, etc.
This cost can include interior decorators, lawyers, general contractors, etc.
Early lease termination penalty:
If you are terminating your current lease early in order to accommodate your scheduled move, add that fee to your budget.