How to Estimate the Price of Moving Costs
Planning a new move? That can be both exciting and overwhelming—moving and relocation costs can add up if you aren’t careful. But with enough preparation, you’ll find moving isn’t the worst thing in the world.
How much does it cost to move a house? That depends on a few things, like the size of your house and how far you plan on moving. There are also some moving costs that you might not have planned on, like storage costs and temporary housing. Here’s a quick breakdown of all of the most common moving costs and what you should expect to pay when you relocate.
The average moving cost for a local household move is $1,250. Those moving costs more than double to about $4,900 if you’re planning a long-distance move. But distance isn’t the only thing that can impact the relocation costs for your household. Those moving cost prices can also double if you have a larger space. You might be able to save money by doing the packing and moving by yourself, but there are a couple of advantages to using a moving company—like saving time and ensuring that your stuff is packed properly.
If you’re moving with expensive items that you’re worried about, you can also pay additional money for full-coverage movers’ insurance. This covers the current market replacement value of an item, replacement with a similar item, or the item's repair. The cost of this insurance is based on about 1 percent of the valuation of your items and is another thing you should consider when estimating your moving costs
In addition to moving services, you need to consider the cost of equipment as part of your moving costs, especially if you plan on moving yourself.
Some equipment you will need to buy outright—like packing materials. If you purchased an apartment moving kit from a big-brand moving company, which includes things like bubble wrap, tape, moving foam, covers, and boxes—you could pay up to $100. For a kit with four plus bedrooms, that cost goes to over $400.
Other costs may be more for equipment rental. For example, helpful tools like a hand truck can cost you around $40 to rent, while a carpet end dolly will be about $20. Another major rental piece, if you plan on moving yourself, is a truck or van. Costs for this equipment rental can vary widely based on the size of vehicle you need and distance you are traveling, but a safe estimate for a 2-bedroom local move of approximately 10 miles is about $100.
While some items, like boxes or dollies you can buy separately or even find for free, other areas of equipment you will need to consider renting. The good news is if you’re working with a moving service, the cost of equipment rentals is usually included.
When calculating relocation costs, you might not think about storage but there are a few reasons why you should, especially if you’re moving from out-of-state. Storage facilities can be extremely useful when you’re in-between finding the right place. This is less likely to be a problem if you’re working with new home builders and have a set move-in date or even if you’ve already signed the lease on a new apartment—but if you’re still on the search, keeping your stuff in storage until you find the right spot for you could become a necessity.
Storages themselves aren’t hugely expensive. It’s possible to find a small space for $20 to $30 a month and you may not need more than a month to hold your stuff somewhere. The one thing to keep in mind though, is how you’ll get your stuff in and out of storage. Will you have to rent a truck again? Do you plan on paying movers to handle it for you? You’ll want to account for these things in your relocation costs.
If you’re worried about storage, you might also consider moving pods. The starting costs for pods in a local move situation is anywhere between $350-$550, while the cost of a long-distance move might average somewhere between $1,000-$3,000.
If something falls through with your plans, or you haven’t yet picked out a place, you might also need to configure temporary housing into your moving costs. These rates will obviously depend on how long you’ll need a place to stay and the area you’re trying to move into. If you’re moving into a larger city, you might consider finding temporary housing outside of the city to save on moving costs.
For a couple of nights, you can find a budget hotel for as little as $50-60 a night. If you need to stay for a week or more, you might be able to get a better deal at an extended stay hotel. Be careful about extending your temporary housing to over a week, though. While it may be necessary at times, temporary housing can really eat up your budget.
How much does it cost to move a house? The short answer is it really depends.
Figuring out what goes into relocation costs can be a challenge because there are so many factors to consider. But moving to a new city can also be a lot of fun. Just try to stay ahead of schedule and read up on different ways for how to prepare for a move. If it’s your first move, you might have a lot to learn but eventually, you’ll start to feel like a pro.
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