No matter where you’re planning to relocate — whether it’s to the other side of the Twin Cities metro or a more rural Minnesota town — your moving costs can quickly accumulate to shocking levels. That’s why building a well-defined moving budget is so important.
But what exactly should that budget include? And how can you anticipate what your costs might look like before you even get started? We’ve got you covered. In this blog, our Hedberg Moving professionals share what you need to know to build a moving budget that works for your unique needs. Let’s get started.
Decide If Downsizing May Be Necessary
Do you have a bunch of stuff you rarely use? Is your attic or basement chock full of clutter that’s been sitting there for months or years? If so, it may be in your best interest to consider downsizing your belongings to save money on the cost of your move.
After all, if you’re not using those belongings now and haven’t used them in quite some time, chances are you won’t use them at your new home either. Since the amount of stuff you plan to move plays a major role in determining the overall cost of your relocation, the fewer items you ultimately pack and move, the less your move will cost. That’s true whether you hire professional movers and packers or opt for the DIY route.
As a general rule, if you haven’t used something in six months, you should donate, sell, or toss it. For more ideas on what you should part with when downsizing, check out these 7 things you should seriously consider getting rid of.
Price Out Storage Solutions
Renting a storage unit is a great way to get clutter out of the way during your move. And, if you’re not keen on cluttering up your new home, a climate-controlled storage unit offers a safe and secure solution for storing your belongings long term. If you’re planning to hire full packing and moving services, hauling some of your belongings to storage will help reduce any weight-related moving costs you may incur.
If you anticipate needing a storage solution, start pricing out options at least 90 days before your move. Before you choose the most affordable option and call it good, make sure you vet each company and find out what kind of security measures they have in place. When it comes to your belongings, shelling out a little extra for superior security is well worth the expense.
Get Estimates From at Least Three Moving Companies
If you’re hiring professional movers and packers to handle the bulk of your relocation, you’ll want to start pricing out services at least three months before your move date. Get quotes from at least three reputable moving companies, and make sure you ask whether you’re getting a binding or non-binding estimate.
It’s also a good idea to get a cost breakdown for the moving services you’ll be using. The following expenses are pretty typical across the board, so make sure to factor them into your budget:
● Distance fees. If you’re planning a local move, you may not pay a distance fee at all. However, if you’re moving out of town, there will likely be mileage costs involved in the estimate.
● Base rate. Most moving companies charge a flat base rate for their services, which doesn’t include add-on fees for distance, weight, special items, or any ancillary services.
● Fees for specialty items. Professional movers and packers typically charge an additional fee to pack, load, and transport specialty items like art and other valuables. If you’re moving anything of this nature, make sure you find out what these fees might look like so you can factor them into your budget.
● Item weight fees. The total weight of all the goods you plan to move (for non-local relocations) will also factor into the overall cost of your move. To find out what this figure might look like, you’ll likely need to get a comprehensive, in-home estimate from the moving company.
● Moving insurance upgrade fees. All moving companies must supply you with basic liability coverage for your belongings, but that’ll only reimburse you a small amount for damaged or lost items. If you want more peace of mind, it may be in your best interest to upgrade that coverage to something a bit more comprehensive, but to do so, you’ll need to pay an additional fee.
Price Out Moving Materials
Are you planning to pack on your own? Then you’ll need to figure out the type and quantity of moving supplies you’ll need. Generally, it’s a good idea to factor in potential costs for:
● Small, medium, and large standard moving boxes
● Wardrobe boxes
● Packing tape and labeling materials like markers and color-coded stickers
● Moving blankets, floor protection, and padding for corners and stairs
● Dollies for moving appliances and furniture
● Bubble wrap, packing paper, and other insulating packing materials
● Renting a moving truck (base fee, fuel costs, and mileage fees)
If you’re hiring full packing services from a moving company, you won’t need to worry about pricing out supplies since those costs will factor into your overall estimate.
Account for Unexpected Expenses
Chances are you’ll miss a few line items in your budget, simply because you don’t anticipate needing to set aside funds for them. But as the saying goes, expect the unexpected. While you may not be able to see the future, what you can do is make a list of anything that might cost you extra throughout the process of relocating. A few things to consider include:
● Losing a few days’ income when you take time off to move
● Finding alternative transportation for non-allowable items like pets, live plants, and flammable materials
● Child or pet care on the day of your move (little feet running around is hazardous to you and your movers)
● Needing to stay the night in a hotel if you’re making an interstate move that somehow gets delayed
● Costs to get your house cleaned after you move out
Even if you don’t end up paying for any of those potential expenses, it’s always better to be safe than sorry. When you’re building your moving budget, brainstorm any moving snags that may incur additional expenses and set aside funds to cover them. If you end up having cash left over when all is said and done, consider it a bonus!
Get a Free Estimate for Minneapolis Moving Services Today
If you’re planning a relocation anywhere in Minnesota, our team at Hedberg Moving Solutions is at your service! For the last decade, we’ve proudly served residents throughout the Minneapolis/St. Paul metro and the entire state of Minnesota, and we pride ourselves on going the extra mile to make each move an all-around success. Whether you’re looking for full packing and moving services, storage solutions, senior-specific moving services, or commercial moving assistance, we’ve got you covered!
To learn more about us or get a preliminary quote, feel free to give us a call today at 763-434-6683 or request a free estimate online, and we’ll get back to you promptly.
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