Breaking down the real costs of moving house.
Looking for a new home can be a fun experience, but moving to it is not. Moving house is one of the most stressful, disruptive, and chaotic times in a person’s life. And one of the main reasons is because it can be very expensive. Even if you choose to self-move, there are lots of costs you need to factor into your budget. Here’s a list of everything you need to consider when planning your move.
Calculating costs of moving house
According to ING’s Cost of Moving Home Report, of the 600 people surveyed, 50% had not budgeted for moving costs, and 48% exceeded their budget.
12% of the participants used removalists for their entire move, and spent an average of $3,655. One in five of the 12% spent over $5,000, with a few spending more than $10,000.
The 44% of participants who packed and unpacked their belongings, but used a removalist to move their items, spent an average of $2,009. Those who also did the moving themselves spent an average of $782.
Although moving yourself is cheaper, time off work needs to be considered too. 59% of participants took an average of 3.5 days off from work to pack and move. If the amount you are saving on the move is more than your lost income for the days off, that may be the way to go. 1
Looking at specific costs
Arranging cleaning at your old property
When you move out of your old rental property, you need to have it cleaned as per your lease agreement. You won’t receive your bond back until your old home has been cleaned and has passed the Property Manager’s inspection. Your home will need a deep clean done by professional cleaners. Depending on the company you choose, this can cost anywhere between $150 to $300. 2 Don’t forget to include the cleaning materials for your new home, such as cleaning cloths, spray and wipe, and paper towels.
Costs of moving utility services
Connecting your phone, internet, water, electricity, and gas is important when moving to your new home. The cost can vary depending on who your provider is. Be sure to call two weeks ahead of your move to arrange utility connection the day before or the day of your move. If you’re transferring utilities from your old property, enquire about the costs so you can add that to your budget.
Removalists are typically the biggest expense in your move. If you are looking to save some money, pack and unpack yourself, and get a removalist to do the heavy lifting. If you have a few friends or family who are willing to help, do the whole move yourself and save the costs. You may wish to hire your own removal van to speed up the process.
If you do decide to go with a full removalist service, check for hidden costs. Some removalists charge a set rate for number of hours, while some charge a set amount with an additional cost per steps if you don’t live on the ground floor.
- Pet care
- Child care
- Transportation and fuel
- Hotel accommodation
- Rubbish removal
Tips to reduce moving costs
Don’t take unnecessary items
Many removalists base their price on the weight of your load. Declutter and purge before packing.
Pick the right time
Mid-month moves save money. Movers are busy in the first and last weeks of the month as leases renew. Also moving on a weekday can save on costs as Saturday is the most expensive day to move.
Purchase recycled, used boxes and pack your boxes yourself. At the end of your move, you may be able to resell your boxes to the company you bought them from and recoup the costs.
Colour-code each box to correspond with the rooms in your new home. This allows the moving crew to unpack your boxes faster, saving time and money.
Insure your items
The benefit of using professional movers is that your furniture is insured. Insurance is an additional cost, but may be worth it if something breaks. Check your existing insurance policy as it may cover goods in transit.
Contact a few moving companies for quotes. Get in-home estimates from each company and compare like with like.
Research the moving company
By using a licensed mover, you get proper insurance and efficient service. You are also less likely to encounter breakages.
The final word
Moving house costs a lot of money, but you can lower those costs by using the above tips. Make sure to include every possibility in your budget, and keep extra cash on you to cover any unforeseen expenses that may pop up during your move.
- Based on information found at http://www.news.com.au/finance/money/high-property-prices-are-just-the-beginning-of-pain-to-your-pocket-research-shows/news-story/a69d46b4c8303667d0d7534ff60c61d3 on 3 Jan 2018
- Based on information found at https://www.payscale.com/research/AU/Job=Cleaner/Hourly_Rate on 3 Jan 2018