how to set your budget for moving to a new home

Preparing a budget for moving to a new home is all set. This Realistic Moving Budget guide will help you identify all possible moving home costs so that you can start your house moving budget properly.

Whenever you are planning to move to a new home for the first time, the most important thing that you have to consider while relocating is your moving budget. You have to plan it well because all your removalists' process depends on it. Most people feel they do not have time to set a budget, however, not being prepared can cost you more in the long run. Little things like buying a new shower curtain, sheets, or refilling your shelves after you have moved all add up. First set a Moving budget before doing anything else.

It is important to spend some time creating a personal moving budget so that you know what to expect.

We've created this moving budget guide for moving to a new home to highlight common moving costs and help you create your budget. Once you have a working budget, you can then learn ways to save even more money on the Move.

Create a Moving Budget Template

Software is probably the easiest and simplest way to create a budget template. Something basic like Microsoft Excel or Word are some of the best programs you can use with Excel so you can use formulas for simple calculations.

If you would rather have something more portable or if you do not want to spend time installing a document on your computer, buy an accounting book at your local office store. You may need to make some adjustments to the column titles or input boxes, but this will give you the basic overview of expense tracking that you need. 

House Moving Company Expenses

If you are hiring a professional house movers Melbourne company, there are some expenses you need to think about and work on your budget for moving out of the home.

In-house estimate: 

request an In-house estimate. At least three Home removal service providing companies should give you their estimates. The total price of the move will be determined by the total weight of the inventory you are moving and the distance to moving to a new home.

Moving Company Fee: 

This fee should include fuel and labor costs.  Ask for estimates from at least three removalists' competitors and even if you haven't decided on which moving company you will choose, add the highest quote to your budget.

Additional Insurance:

 If your belongings are worth a lot to you, you may need to consider adding additional insurance to your total moving costs.

Extra services:

Some house Removalist companies may charge more to prepare appliances or move a piano. Ask the mover for quotes if you think you might need additional help.

Additional charges:

Depending on the distance you move, an additional charge may apply. These may include accessory charges, expedited service charges, flight charges, long carry charges, long route moving charges, and transportation service.

Claims / Damage Costs:

Assume there may be damage. You don't need to include an amount here, but to be safe, add a 5 percent contingency fee based on the moving company's total fees.

Professional packing:

Packing yourself? Or do you need someone to do this for you? This is an optional service with an extra charge.

Since house moving companies often bill based on time spent, you can save money by planning your time with them movers strategically. Singh Movers has a helpful list of Moving Budgets for moving to a new home that this guide uses to help you do just that.

Moving budget - Self-moving costs

Moving may seem like a perfect way to save money, but it's usually not for free. We recommend that you rent a covered storage truck to help prevent unnecessary damage to your belongings along the way.

• Truck rental
• Mileage / gas
• Food and drinks
• Rental equipment
• Dolly
• Ramp

Housing-related costs

Whether you are selling your house or terminating your lease, there will be some things to take care of before you say goodbye.

Cleaning & repairs:

To sell your home at the best value or to get your deposit back, you will just leave the house under the best possible conditions. set aside some money and time to ensure this is taken care of before you officially move out.

Realtors (Real Estate Agent):

 You will want to consider realtors' fees and commissions in your budget. Even if you do not pay them directly, they still get a cut of the deal and you should take that into account.

Deposits:

These may include security deposits / first-month rent, pet deposit, and security deposit.

Travel to New Home

If you move your car with a moving truck or van, you will need to add transportation costs, lodging, meals, and more.

Transportation:

 If you move a car in addition to moving a van, add the cost of fuel and maintenance fees, such as oil, fluids, and a check-up. If you prefer, divide these moving expenses into separate line items.

Accommodation:

Examine your stops along your moving route and find out how much accommodation will cost. Determine the number of nights and room rates in advance. Use a tool like Expedia for pricing, availability, and booking.

Meals:

Calculate an average cost per meal per person including snacks and drinks.

Child or pet care:

If you need additional services to care for family members either before or after the move, you should include that cost in your budget.

Temporary housing:

Do you and your family need temporary housing at your final destination before your home is ready? If so, you will need to consider these costs.

Packaging and storage fees

It can be difficult to decide how much packaging material you need, but it is a good idea to put in a quantity anyway.

Boxes: 

Determine the quantity of moving and packing boxes you will require. If you do not find these for free, then there is a cost involved.

Wrapping materials:

You want to protect your breakable materials with protective bubble wrap or newspapers. 

You need markers or labels to mark your moving boxes, which will help you stay organized. Do not forget the packaging tape to seal your boxes.

Mattress Cover/padding: 

If you use a professional house removal company, they usually provide these supplies at no cost but double-check to be safe.

Storage fees:

If you need storage space before, during, or after the move, contact some storage companies and use the highest price if you have not yet decided which storage facility you will use.

Extra insurance:

If you store valuables, include extra insurance to make sure your goods are covered.

Moving costs: 

These are costs for moving the items from your home to the storage facility. It can be included in a line above, or the moving company can allow you another stop at no extra cost.

The Moving and Packing cost in Melbourne is one of the most important considerations when it comes to planning your move. 

Transport and accommodation

If you are moving to a new home, especially if it is outside the state, you will need to consider transportation and perhaps temporary accommodation. This is really for the period between moving out of your old home and moving into your new home.

Cost of living for the transition period: 

These are basically things like food. You may be eating out more than you have been used to during this time, so you want to consider this in your budget. This can also include things like water, entertainment, and anything else you will be doing at this time.

Hotels: 

If you do not necessarily have a place to stay for a night or two, you should consider accommodation expenses in your budget.

Baby / Pet-Sitter: 

You will be busy during your move. Especially if it's a DIY move. With everything moving and time spent out, consider getting a baby and/or pet sitter.

Aircraft/gas and tolls:

However, you’re getting from point A to point B will involve some costs.

Car Shipping: 

Many people would opt to have their car shipped for them. If this is true in your case, then set aside some money to book a car shipping service.

Snacks, drinks, and gifts for helpers: 

If you have friends or family help with your move, treat them well. Give lunch or refreshments. It is obvious that how much money you set aside for this is entirely up to you.

Calculate Your Total Costs

This comprehensive realistic moving budget list will help you calculate your total expenses. Multiply the total estimated moving costs by 5% to arrive at a figure. Add a total line below the contingency line and then add the subtotal and contingency together to come up with your estimated relocation costs.

This list of relocation costs was not exhaustive, especially if you travel over state lines. Be sure to access your specific situation and add categories as they apply to your situation. The more you can predict, the less you will be surprised by a hidden cost that you did not anticipate.

All the best ways to prepare your budget for moving to a new home

As you can see, these are all things to keep in mind when preparing your moving budget for moving to a new home. List all the professional budget Movers Melbourne services you want to use. Then see if you want to do some of them, for example, pack your things, collect packaging supplies, and the like. Finally, reduce your expenses and you will have enough money for your relocation!

Related article: How to find Cheap and reliable Movers?