Moving can be incredibly expensive. Just the cost of a new deposit or down payment can be pricey, but when you add in the costs of moving services, car rentals or flights to get to your new home, and new furniture, you can end up spending thousands of dollars. There are plenty of small things you can do to offset the cost of a move and minimize your financial burden. Here are some of the best ways to minimize the financial impact of a move.
Sell items you no longer need
A move is a great opportunity for a fresh start. If you have furniture, electronics, clothing, or other items that you don’t use anymore but are still in good condition, sell them using a platform like OfferUp, Craigslist, or eBay. If your items are in good condition, you may be able to sell them for a relatively high price while still giving the buyer a good deal. You can then use the money to buy any necessary replacement items for your new home.
Avoid homes with high fees
Every apartment or house comes with monthly costs, particularly if you are renting. However, it’s worth it to take a little extra time to shop for an apartment and avoid paying fees you don’t have to. For example, if you have a pet, look for a landlord that won’t charge a pet deposit or pet rent. You should also think about which amenities you can realistically live without. Apartments or homes with pools, gyms, and other luxury amenities are usually much more expensive, with higher deposits and monthly fees. If you don’t need these things, it can end up saving you a huge amount of money.
Look for relocation reimbursement or tax breaks
If you’re moving for work, you may be able to get some of the costs of your move reimbursed by your company. For example, they often cover the cost of rental trucks, flights, and moving services. Some companies will even cover the cost of a hotel if there’s a period where you’re between homes. Before you move, ask what services they’ll cover so you can plan ahead. Alternatively, if you’re moving as part of a job search, you might be able to get tax breaks on some of your moving expenses. Tax law is always changing, so be sure to ask an accountant before making any deductions on your tax return.
Use apps to find affordable services
Moving services are very helpful, but they can also get expensive quickly. Apps like TaskRabbit make it easy to find service providers in your area who are fairly priced. This is a particularly good strategy if you are just moving across town and only need one or two extra hands to help. By working with an individual instead of a large company, you can save money while still getting the help you need. If you really need to cut corners financially, ask your friends for help – often they’ll be willing to move things in exchange for a free meal.