Factors Impacting the Moving Cost

Moving is a lot of work and you need the right tools and supplies to get the job done properly.

29/06/2019

Moving a house is a very costly process. It affects your budget a lot and sometimes even leave you with a debt. It is very much advisable to have a rough estimate of all the possible expenses related to moving to have an idea of complete budget. There are many factors that impact moving cost. To save money and lessen your budget, you can skip a few of regular tasks but it is not fully recommended to eliminate these processesas they may impact your budget negatively instead of saving a single penny.Relocating is no simple process as it is almost like uprooting your life. Moving requires a lot of work, which will need the right tools and supplies to get the job done properly.

Hiring a Moving Company:

Hiring a moving company is one of the biggest expenses that impact your final moving cost. Local movers help you to pack up and transport everything. Many budget conscious people try to save by packing up on their own, but it may not be an effective way to save.

Don’t forget that resources, time limitations and safety are major concerns before deciding to pack your belongings yourself. For example, you will need, help to transport your belongings if you don’t have a vehicle capable of hauling all your possessions. Hiring a moving company will also save time as being professionals, they take much less time than you to pack and move. So if you’ve got to make a quick move, you might have to hire movers to get everything done by the deadline.

Then safety is the biggest concern. You may get injured while moving so it is much recommended to hire labour for loading and unloading. Not hiring labour may not only derail the moving process but will also cost hefty money depending on the injury. Professional movers are trained for moving tasks and are even covered by worker’s health and safety compensation.

Buying Less Moving Supplies than Required:

Moving budget can be calculated accurately if you have more detailed list of tasks and needs. Generally we are projected for things like moving truck fees and boxes but forget to calculate the cost of moving and packing supplies. Make sure to include all little expenses into your budget. Small supplies that should be noted in your moving budget may include packing tape, sharpies for labelling boxes, packing paper, bubble wrap, gloves, bottled water, specialty boxes, plastic sheets, and moving blankets. Anything that you don’t already own or cannot borrow should be added into the itemized list of expenses.

Additional Fees

Though some expenses and fees are straightforward and obvious but some are easy to forget about. There are some of the related fees you generally forget to include in the budget are deposits, storage unit charges, utility setup, cancellation fees, moving insurance, possible added cost for handling bulky and/or heavy items, elevator fees, long carry fees, extra drop-offs and/or pick-up charges.

Account for Gas Prices

Gas prices also vastly impact moving budget. The gas needed to transport all of your stuff is one of the major expenses that we miscalculate. If you’re moving from one side of the country to the other then getting an accurate estimate of the gas expenses will be a little difficult. To overcome this situation, determine how many times you’ll need to stop along the way to refuel, once you’ve decided on a relocation route. You can use online apps to find current gas prices just about anywhere in the U.S. This will allow you to calculate the cost based on local prices, as gas prices vary dramatically across the country. In fact preparing in advance will enable you to save some money by stopping a little sooner or a few miles down the road.

Don’t forget to add expenses like toll roads, hotel stays and meals while evaluating your route watch out while you’re on the road.

Contingency Factor:

Contingency is the percentage of the estimated costs which are listed in the main budget for unexpected expenses. For instance, if there is rain on your original moving day, then the contingency could help you negate any added expenses which will be caused by the delay. You should consider at least 10% contingency charges of the total estimated costs, Though factoring in 20% is all the more advisable.

Considering all the above said expenses, sometimes we opt for DIY move, but before you decide anything, be sure to keep in mind the following factors.

  • • Travel time
  • • Packing and unpacking time
  • • Loading and unloading time
  • • Compromise on Sleep: If your move will require take more than an 8-hour drive then you will want to stop and rest for the night. Driving while sleep deprived is never a good idea.
  • • Fuel cost and toll fees
  • • Food and beverage cost
  • • Equipment rental
  • • Material costs
  • • Truck or trailer rental

Uprooting your life and relocating is no simple process. It requires a lot of work, which means you’ll need the right tools and supplies to get the job done. Anything that you don’t already own or can’t be borrowed will need to go under the itemized list of expenses.

 

 

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