If you are planning on moving, you need to know that relocation can be a stressful process. The move puts different physical and emotional pressures on us and our finances. Knowing exactly how to calculate the costs of relocation will help you set a realistic budget for your move; this will help prevent any unpleasant surprises. Here are some steps to help you calculate your move.
Start Making A Budget:
A budget is super important to manage all your expenses. Start by dividing your relocation costs into categories:
Boxes and packing materials: Unless you are able to gather up enough free boxes for your move, you will need to plan on purchasing moving supplies. These could include cardboard boxes, plastic bins, bubble wrap, packing paper, and any other supplies needed for the move. You can go online and add everything to your cart to estimate how much it will cost.
Moving truck rental: The cost of renting a truck from a truck rental company depends on the size of the truck rented, the length of time rented, fuel charges, equipment rentals, the date of the move, and whether the move is a one-way trip or a return trip.
Hiring professional movers: Hiring a full-service professional moving company to load, transport, and unload your belongings to a new home won’t be cheap. However, it will make the interstate moving experience much easier than doing it all yourself. According to the American Moving and Storage Association, the average cost of a long-distance move is $4,300, based on an average weight of 7,400 pounds and an average distance of 1,225 miles. This average also takes into account included moving services such as supplies and packing assistance.
Driving expenses: Travel fees add up quickly when moving a long distance. These fees take into account fuel costs, food, and hotel stays if you can’t drive in one day.
According to HomeAdvisor, the cost of moving nationwide ranges from $200 at the low end to over $10,000 at the high end. The average cost as of May 2021 was $1,392.10. Comparing individual moving costs and services can help you fine-tune your budget further.
If you are relocating, remember that we can help you with your home loan. We are licensed in Montana and California, our home state.
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