Budgeting for a move involves thorough preparation. In this guide, we will assist you in identifying all the expenses associated with a move so you can work out an accurate moving budget.
One of the first steps to help you calculate your moving costs is to download a “moving checklist” or formulate your one. From here, you can start to look at the moving method that works best for your situation. From here, you can start looking for moving companies. You can also make use of moving cost calculator provided by most movers on their website.
Below is a comprehensive checklist you can use to help you work out your moving costs.
Book The Move
The first of your moving expenses will involve booking the move. This will involve choosing between either a professional company and a DIY option.
– Local Moving
Below is a typical breakdown on how much professional movers charge for local moves:
- Studio – 2 Movers $320 (3 Hours)
- 1 Bedroom – 2 Movers $388 (4 Hours)
- 2 Bedroom – 3 Movers $663 (6 Hours)
- 3 Bedroom – 4 Movers $951 (7 Hours)
- 4 Bedroom – 4 Movers $1174 (9 Hours)
- 5 Bedroom – 5 Movers $1918 (12 Hours)
Truck rentals for local moves are going to cost something between $28 to $52 per hour for one-bedroom moves. In comparison, a five-bedroom move usually costs $58 to $73 per hour in the region.
Moving container rentals cost about $130 for local moves. These containers generally accommodate up to a 3-bedroom move. If you require additional space, another container will be necessary, which will double your costs.
-Long Distance Moving
Below is information on what it will cost you for a long-distance move (cross country) for various move sizes along with the different options for this type of move.
- 1 Bedroom – $2000 to $3000
- 2/3 Bedroom $2500 to $3500
- 4/5 Bedroom $3500+
- 1 Bedroom – $1500 to $2000
- 2/3 Bedroom $2000 to $3000
- 4/5 Bedroom $3500
- 1 Bedroom $1500 to $3000
- 2/3 Bedroom $1500 to $3000
- 4/5 Bedroom $6000+
- 1 Bedroom $1500 to $3500
- 2/3 Bedroom $4000 to $7000
- 4/5 Bedroom $8500
Freight trailers are only available for long distance moves.
What Type Of Move Should You Choose?
This will depend on what you need and your personal preferences. In general, the more you can do on your own, the less your move is going to cost. However, for a lot of families, moving on their own is not always an option. For example, a family that has pets and young children will find it very difficult to move themselves.
It is also essential to know that even though professional movers may cost more; they have the resources, equipment, expertise, and supplies to ensure your move goes smoothly without any problems. If you plan to move on your own, you need to factor all these considerations into the move, which adds to your costs.
The Costs Involved When Hiring A Professional Moving Company
– Booking A Moving Company
This contributes to the main costs.
Moving insurance options vary. Similar to anything else, as the coverage increases, so do the costs involved.
– Money For Unexpected Events
There are a couple of legitimate reasons as to why moving companies may charge more than what was previously quoted. This is why it is best to come prepared if there are any last-minute changes made to your final quotation. One can estimate moving cost using online calculators and use the comparison while hiring a mover.
– Money For A Tip
It is not always necessary to tip your movers, but it is a nice gesture. This amount will usually be what you feel most comfortable with.
The Costs Involved For A DIY Move
– Moving Equipment
This will be the items that include furniture covers, moving blankets, moving straps, and dollies.
When it comes to DIY moves, insurance can become a lifesaver; rented moving trucks must be insured. However, it is also essential to ensure you have insurance in place to protect your valuables when moving them from one residence to the next.
– Mileage And Gas
Using vehicles such as rental trucks to move may appear to be an affordable option before you have factored in gas. A large vehicle that is fully-loaded is not regarded as gas efficient. Also, these rental companies usually provide this service with “a cost per mileage.” These costs can start to add up for long-distance moves.
Other costs that you need to factor into your move include moving supplies. This will consist of bubble wrap, scissors, markers, moving boxes, and packing tape. Once you have completed a list of all the costs involved to move to a new home, it becomes easy to make an accurate estimation of what you can expect to pay.