Whether you’ve just bought your first house or your tenth, the process of moving can be a stressful one. There is much planning involved, and if you are not organized, you could end up spending much more money than necessary; not to mention straining your budget. It’s important to account for expenses before, during and after the move. You’ll also have to strategize ways to save money once you’re in your new home – everything from groceries to energy bills.
Getting Ready for the Move
If you want to save the most money, stuff all of your belongings into your car and drive to your new home – inexpensive, yes but realistic? Probably not. Chances are, you’re going to have to hire a moving company to get you from A to B. If you don’t have a lot of possessions, you can rent a truck and drive it yourself; if you’re moving long distance, or you want everything moved in one haul, a professional mover can do it for you. Companies like North American Van Lines have the knowledge and expertise to get you settled as quickly and efficiently as possible, for less money than you may think. And when you think about the time you will save, it becomes even more cost-efficient.
Make sure everything is packed and that boxes are clearly marked so unpacking and placing in the correct rooms at your new home will be made easier. While there are companies that will pack for you, packing yourself will save you hundreds of dollars.
Want to cut down on the amount of stuff you have to pack? Have a garage sale a couple of weeks before moving day and put that money toward moving expenses.
Make sure you have all of your receipts and contracts on hand so you can reference them when you need to. It’s extremely important that your moving company know exactly what they need to do and where they need to go, so confirm this with them when they arrive. Make sure you have everything packed and ready to go when they arrive; if they have to wait, they may charge more, increasing your moving expenses.
In Your New Home
Once you’re settled into your new home, there are several things you can do to save money each and every month.
Maintenance – this is the single most important aspect of owning a home and can save you thousands of dollars in repair costs. Changing your furnace filter on a regular schedule, checking your roof and windows for leaks, having your air conditioner serviced and repairing small issues when they happen will go a long way to saving over the long term.
Energy efficiency – Investing in energy-efficient appliances will cut down on your energy bills each and every month. Also, make sure to invest in an HVAC system that is energy efficient. Thermal windows will keep the cold out and the heat in (or vice versa in the summer). LED lights will also help cut down energy costs. Do your laundry at night, when rates are cheaper; turn off lights when you’re not in the room and try not to have too many ‘gadgets’ going at once.
Pay your mortgage bi-weekly instead of monthly – this will save you many thousands of dollars in interest and help you pay off your mortgage faster. Talk to your mortgage broker or lending institution about options that are right for you.
Moving is not synonymous with going broke. There are many ways you can keep more money in your pocket, and enjoy your new home with less stress and anguish.