The Hidden Costs of Relocation

06/05/2018

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Everybody knows moving can come with a lot of stress. And while a majority of that stress is unavoidable, it’s necessary during the relocation process. But for those that are moving quite a bit further from their previous residence, there might be a few hidden costs thrown at you that you weren’t expecting in the actual move itself. Here are some factors to consider when moving that will help ensure you don’t get presented with any extra charges:

  • Van: Aside from the obvious costs you would have to take on if you were to hire movers, if you rent a truck or van yourself, it’s possible that you may have to pay for some insurance if your auto insurance or credit card company doesn’t cover rental vehicles.

  • Tipping: It’s usually customary to tip if you hire movers. Somewhere around 10-15% of the total bill is expected. But when getting your friends to help, it’s usually the custom to purchase them pizza and drinks as a way to thank them for their work.

  • Utilities: You’ll want to double check with your internet and cable provider to inquire about any disconnect or connection fees that are remaining on your contract. The best strategy is to just make sure you cancel service on your internet/cable at your previous residence at least a few days before you actually move.

  • Cleaning: You’ll need to have your old place cleaned before you move in to your new residence. Consider the supplies and time that it will cost you to accomplish this and make sure you work it into your schedule.

  • Insurance: Just make sure you’re keeping an accurate track of any changing rates form wither your new apartment or car insurance. In certain cases, people have experienced rates that have nearly doubled in cost.

  • Tax Deductions: Overall, if you are moving a certain long distance away or moving to attend full-time post secondary college courses, you may be able to deduct some of your moving expenses. To know for sure, you’ll have to spend some time researching. It’s worth looking into. It’s always best to save yourself money any way you can.