4 tips for homeowners to reduce expenses on moving day
The basic purchases you’ll need to make during a home move (boxes, labels, gas, cleaning supplies, etc.) quickly add up. That’s why it’s in your best interest to start coming up with cost-saving strategies before you make your move. You’ll be able to execute these tips on moving day with minimal preparation, and the reward for your effort is a chance to save big when moving from one property to the next. Take the time to employ each of these tips and maximize your savings during moving season.
“Thinking ahead will help you maximize your savings during moving season.”
Put your back into it and save on movers
Thought of hiring movers to lug away all of your stuff is certainly attractive. Who wants to spend their weekends loading boxes into their vehicles and unloading the stuff in their new home? There’s a very good chance that moving your own stuff, even with the cost of renting a moving van or truck, will still cost far less than paying a professional. This is not to say that you can’t reach a compromise and hire movers to exclusively transport your heaviest furniture. Get estimates from potential movers and run all the numbers to figure out your least expensive option.
U.S. News & World emphasized that insuring your costliest items is a prudent moving strategy that could end up saving you thousands of dollars in repairs or replacement. If you must put your prized possessions in the hands of strangers, then at least make sure that these professionals can be held accountable for the quality of their work.
Trade your clutter for cash
One of the easiest ways to put extra change in your pocket and minimize the amount of luggage you’ll have to move from one home to the next is to sell your possessions, according to The Huffington Post. Clothes, shoes and accessories are the easiest items to sell off when attempting to free up storage space and your budget. Aging electronics may also be worth a trip to a used electronics store. Regardless, there’s a good chance you’ll invest in new electronics or receive new devices as gifts once you move into your new home. Selling extra items in your house before or on moving day ensures you won’t have to pay a soul to transport your extra television.
Don’t forget the tax break
Technically, using a tax break won’t help you cut costs during the move, but a healthy rebate will definitely help your finances in the long run. According to the IRS, you can deduct all of your moving expenses (minus meals) if you changed locations in order to get closer to your new job or your current job at its new address. However, the IRS website warned that only those who move over 50 miles for work will qualify for the generous deduction.
Use your move as an excuse to renegotiate
One of the well-kept secrets of your Internet and cable provider is how willing they are to renegotiate plans and contracts for clients. Moving into a new home is a perfect excuse to call up your service provider, communicate why your service is no longer right for your family’s needs and press them on recent specials or packages that you can qualify for in your new home. Don’t be shy about asking for a better deal. Many Internet and cable providers now encourage customers to quiz employees about possible savings. Your new home will inherit many of your old house’s expenses, but your television and cable package is one holdover that you can work to make cheaper.