It’s easy to underestimate moving costs when a raise in rent provokes us to find a new place to live. Before you pack your things to leave and sign a new lease, calculate the true cost of moving to ensure you’ve factored in many of the little (and even big) things many people forget.
Photo by Adam Dachis/Flickr
As US News points out, you don’t just pay for a few boxes and a truck — there’s a bunch of other stuff as well. Remember to factor these things into the price of moving to make sure leaving your current apartment isn’t more cost-effective:
- Rental application fee
- First month’s rent
- Security deposit (you won’t get your current one back for at least two weeks)
- Pet deposit
- Packing supplies
- Moving company or truck rental
Of course, you can knock out of a few of these items by picking up free used boxes on Craigslist, borrowing a truck from a friend, and having your landlord sign off on a walk-through of your apartment so you know you won’t lose any of your security and/or pet deposit(s). Nevertheless, you should know the maximum potential burden moving could have on your finances before you go, and this list provides a good starting point.
The Real Cost of Moving [US News]