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6 Ways to Save Money When Moving to a New Home

Are you a bit overwhelmed at the prospect of moving all your possessions to a new place? While finding a new home or apartment can be a thrill, the actual logistics of getting everything from point A to point B can be pretty challenging to arrange. And if you’ve ever moved before, you know the expenses extend far beyond the security deposit or the closing costs. Before those moving costs really start to add up, be sure to consider using these helpful hints for saving money when you move.

1. Sell Unwanted Items

As you go through your things to pack for your move, set aside anything that you no longer use or need. For anything that may have some value, attempt to sell it before taking it to a local donation center. Craigslist and eBay are popular choices, but you may also be able to sell things in a yard sale or a consignment store.

2. Notify Your Utility Companies

One of the big mistakes many people make when they move is forgetting to let their utility companies know when they’ll be out of their home. Don’t waste money by accidentally paying for an additional month of service after you’ve moved out. Alert the utility companies in advance to let them know what your requested shut-off date is for gas, electric, cable, etc.

3. Keep Detailed Records

Many people forget that moving often comes with a wide variety of tax deductions. It’s important to keep track of your expenses during a move in order to save money on these expenses. Things you should keep detailed records for include realtor fees, home improvement costs, travel costs for long-distance moves, etc.

4. Update Your Insurance

Don’t make the mistake of thinking that skipping out on insurance will save you money in the long run. While the monthly premiums may take a bite out of your budget, renter’s or home insurance is one of the best ways to prevent financial disaster. Be sure to reassess your coverage at your new home and update your information with your insurance provider. Some things to consider include whether you need additional assets coverage for your renter’s insurance or whether the location of your new home means you’ll need additional protection (such as flood insurance).

5. Find Used Boxes

Getting moving supplies can be much costlier than you think. Even just the rolls of heavy packing tape can run upwards of $7 or $8 each. Moving also requires a large number of boxes, and if you set out to buy those new, you’ll be in for a hefty bill. One of the best ways to save on your moving expenses is to spend $0 on boxes.

First, keep an eye out for collapsed boxes around your neighborhood, especially if there’s a recycling collection day coming up. Then, ask grocery stores and liquor stores if they’ll set aside empty boxes for you to come and pick up. You can also ask around to find friends, coworkers or other people who have recently moved and will be unloading lots of boxes in the near future. You can often find people in your city or neighborhood looking to get rid of empty boxes on Craigslist and other local online forums. Use all of these resources to your disposal and you should be able to get all your boxes at no charge.

6. Pack & Move Yourself

If you can spare the time and effort to do these jobs yourself, you will save hundreds or even thousands of dollars on your move. These services are incredibly helpful and efficient, but for many people, a professional packing and moving services simply isn’t in the budget. But most people know when they’ll be moving at least several weeks in advance, so the smart thing to do is to pack little by little on your own. You’ll be surprised at how much you can get done when you spread it out over a number of weeks.

As for the actual move, you may need to rent a truck and request help from friends for all the heavy lifting and large objects. However, the savings will be well worth it, so this is your best bet for saving money on a move if you’re able to do it.

Moving is definitely a lot of work, but it doesn’t have to be particularly expensive. If you plan out how to save money along the way, it can really pay off for you over the course of your move. Remember, you already have plenty of moving costs that you won’t be able to avoid, like furnishing a larger space or renovating an outdated kitchen. You might as well save where you can on the actual move so that you can devote more funds to these necessary but exciting steps in moving to a new home.

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