Saving Money When Moving Homes

Moving from one home to another can be expensive, but there are ways to save money. In the confusion and chaos of organizing everything that needs to happen before a move, it is easy to overlook some of the tips and tricks that can save hundreds of dollars, money that can be used to purchase items for your new home and cover unforeseen costs.

Do not pay for free items

Boxes, bags and other packaging necessary for a move can often be collected for free from the local recycling center, grocery store or from family and friends. Save both space and money by wrapping fragile items in linens and towels. By planning ahead, boxes and packing material can be collected months ahead of time, saving a substantial amount of money.

Purge

The chances are good that families will not need to bring everything with them in a move. In fact the cost of shipping large pieces of furniture may be higher than the value or replacement cost of the items. Movers usually charge by weight as well as volume, so it makes sense to take only those items that are essential, irreplaceable or have sentimental value. Selling off unused or extra pieces of furniture can also raise money to help defray costs. Once the move is complete, purchasing furniture does not have to cost a fortune. Savvy homeowners can check out used furniture outlets and online sources for pre-used bargains.

Keep receipts

Under certain circumstances, moving expenses can be claimed as tax deductions. Families who move more than 50 miles for a job transfer or to accept a new position may qualify for tax breaks. Keeping track of expenses is a good way to ensure the maximum tax benefit. Filling out a basic form when filing taxes is a small job that can pay big dividends so be sure to tell your accountant about your work-related move.

Get creative

Households with lots of books to move should consider allowing the US Postal Service handle their shipping needs. Media mail is, in some cases, is less expensive than having a moving company pack and haul heavy, bulky books across the country. Homeowners should also consider asking friends and family members for assistance with a shorter move. An acquaintance with a truck might be willing to move items for less than a moving company will charge. Even if a moving company is used, homeowners who pack their own items will pay less than those who rely on the movers to do the packing for them.

Security

Many renters pay a security deposit when they move in. The deposit is returned, if and only if, the landlord does not incur expenses to bring the property back to rentable condition. Tenants should keep records of any upgrades, improvements or repairs they pay for while living in an apartment or rented home. Damage or flaws existing when they move in should also be recorded as evidence if the landlord tries to withhold the security deposit.

From the time a new home is purchased or the deal to buy land to build on is completed, unexpected expenses and difficulties can crop up, creating a need for extra cash. But if you follow the pieces of advice outlined in this post, moving from your current house to a new home won’t become such a daunting task.

Anum Yoon

Anum Yoon is the founder and editor of Current on Currency. She loves all things personal finance, which is why you'll find her work all over the PF blogosphere.

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