Explore the Mortgage101 Library
Check Local Mortgage Rates
Loan Program Choices
Use our calculator to find out your estimated monthly payment in advance: Enter the loan amount, interest rate, and length of mortgage.
Try our Mortgage Payment Calculator
As we all know, moving costs can become overwhelming and costly if one does not know about all the possible costs that can affect their move. This article will detail some of the most common, hidden charges associated with moving. Whether you decide to move yourself or use a professional moving company, take time to create a moving budget. While not all of the charges are applicable to every move, it helps to know what to expect and be able to prepare in advance to reduce stress and stretching one’s wallet.
When moving, one of the first items to be taken care of are utilities. Depending on your utility company, it may cost to disconnect services as well re-connect. It is important to speak with the utility company in advance about their policy and fees associated with disconnection. Within the same city, it may be a transfer. Most utility companies require a deposit and connection fee to turn on services. While the amount may not be large, figuring it into the moving budget can help reduce the stress of paying for everything.
If you decide to move yourself, there are several costs to take into consideration. The first cost is supplies. Boxes can range upwards of $2 each. Depending on how much there is to move, this cost can rise above the anticipated amount. To reduce the cost, try donating items that you no longer need. The second cost is using a rental truck. While renting a moving truck can appear to be most economical, there items to take into consideration. Items such as insurance, gas, and over mileage fees can add up fast. To avoid being caught off guard, try to map your route. Doing so will provide an approximate distance and will determine if it will fall within the mileage range provided by the rental company. The final cost is cleaning and repair. Depending on how well you kept your place, there may be repairs that you will need to make. It is best to make a detailed list of repairs to be made and what items will be needed to make the repairs.
If doing-it-yourself appears to be too consuming, you can always hire a professional moving company to handle the move for you. Before hiring any moving company, have a clear picture of what you need. If you are moving large items or traveling out of state, have specifics available prior to selecting a moving company. Moving companies have a variety of charges that it can be add on to the final bill. An example of one charge is a transportation surcharge. The transportation charge is charge that moving companies use to compensate its movers in metropolitan areas. Additional charges that moving companies use are ones in which large items are moved, disconnecting any utilities, and having to move items beyond a certain distance, use an elevator or stairs. If you do opt to use a professional moving company, read the fine print before signing any documents.
- 3 Common Short Sale Mistakes
- What Lenders Don't Reveal About Home Equity Loans
- 3 Factors that Can Negatively Affect Your Mortgage Application
- How to Get Approved for an FHA Loan despite Bad Credit
- Appraisal Basics
- FHA Eligibility with Bankruptcy and Foreclosure
- What To Do When Mortgages Default
- 3 Warning Signs of Loan Modification Scams
- Low Down Payment Loan Qualification