Preparing Moving Budget

A lot of people that know they have a move on the horizon don’t see usually see the value in having a moving budget.  What’s so hard about it?  You just pay the movers and you’re done, right?  Wrong.

The costs of a move can add up quickly, and if you’re not fully prepared in advance, you could wind up struggling to foot the bills.  With a budget, you can know exactly what the move will cost you and how that will affect your move as a whole.
When moving Toronto homes, the first thing that should be considered is the moving company expense.  Toronto movers will provide you with estimates that will vary based upon a variety of different expenses, including:

  • Fees for fuel and labor;
  • Additional insurance;
  • Fees for additional services such as helping prepare appliances for move;
  • Longhaul charges;
  • Expedited service charges; and
  • Professional packing service charges.

The second type of expenses that you will need to calculate into your move budget is any cost related to the travel to your new home.  If you are traveling long distance, you will need to take into account the costs associated with moving your automobile, any lodging or flight costs, meals, temporary housing, and even pet care.

Next, it is a good idea to include any packing and storage fees in the move budget.  First, you can start with making a list of all the packing supplies that you will need, including boxes of all sizes, bubble wrap and packing paper, tape, labels, markers, plastic wrap, and padding.  Second, you will need to think about if you will need to store anything while you move to your new home.  If so, you will need to calculate the storage fees, as well as any transportation fees associated with getting your items from your current home to the storage facility.

Finally, you will probably need to look at all the costs that will be associated with either selling your current home, or moving from your rental.  If you’re selling your current home, the move budget should include any fees related to realtor commissions, attorney and title fees, advertising, and inspections or appraisals.  If you’re leaving a rental unit, you will likely incur charges related to the cleaning of the unit, as well as any repairs that you may need to complete before you move.