Why pay more for your residential move in New York City, when you don’t have to? If you’re getting ready to create your New York City relocation budget, you’re going to really appreciate some of our tips listed below. They’re all in one way or another, designed to cut down on NYC moving costs. After all, who doesn’t love saving money? Am I right, or am I right. Although moving home in NYC shouldn’t put too much pressure on your purse strings, the costs between planning, material, and mover fees, can add up. They can also catch you off guard if you underestimate the costs of moving. Always be prepared! In the end if you have extra money left over, great! While some of the charges associated with moving cannot be avoided, there are areas that give room for savings. Continue reading below to learn some of the money saving moving tips in New York City.
Money saving moving tips in New York City
- Time your New York City move
Believe it or not, when you’re moving, has a direct impact on how much you will pay for moving costs. It is common practice for people to relocate during the summer. Kids are out from school, and many take off from work, making the months of May-September extremely busy for the moving industry. As the demand goes up, so do the rates. If you can avoid moving during these months, you can save on mover’s fees. If you’re moving by yourself, you will still have to rent a truck and buy material. So the same rule can be applied for DIY moves.
- Get rid of things
Whether you decide to hire professional movers or not, the less stuff you have to move, the cheaper your move will be. If you can significantly lighten the load, you can expect to save money. In addition, if you try and sell some of these items, you can make a few extra bucks to cover moving costs. In the age of technology, your yard is no longer the only convenient and logical place to host a garage sale. Classified sites, such as Craigslist, are great for selling online and reaching a much larger target audience.
- Set up budget
What can you safely afford? Budgeting your move is one of the crucial steps you need to take, not only to save money, but also to avoid over spending. A lot of people fail to anticipate beyond the movers’ costs and rent, which can lead to more debt and frustration. Try to map out exactly what you will need, in terms of services and equipment, to successfully complete your move. Once you set your budget you can begin your search for New York City residential movers or a local truck rental company. Don’t forget supplies, and equipment, if you’re moving on your own.
Pro Tip Set up a contingency fund just in case to avoid dipping into savings to cover moving costs.
- How much money will you need after you move?
As stated earlier in this article, a lot of people fail to budget beyond moving and property costs. As a result, they are shocked to learn of all the extra expenses they failed to prepare for. Consider all of the utilities and service provider fees you will face after you move.
Pro Tip How much should you save before moving out in New York City.
- Mover’s costs
Mover’s fees can vary from one company to the next. Know what you can expect to pay by comparing quotes from various movers. Significantly lower rates should raise a red flag. While many reputable moving companies offer competitive rates, movers that have much lower rates than their competitors can be misleading. By comparing rates, you will not only save money, but avoid potential scam artists as well.
- Packing supplies
Whether or not your movers are doing the packing for you, consider buying packing supplies directly from them. For the most part, movers will charge industry rates for packing material, so you won’t have to worry about being overcharged when buying from them versus a supply store. However when you buy from a supply store, you’re running a risk of buying too much and overspending. Most moving companies will take back any unused material, helping you avoid unnecessary costs.
- Tax deductions for your moving costs
Find out if you’re eligible for tax deductions of your NYC moving expenses, to potentially earn a return on moving costs. Make sure to keep all of the receipts that pertain to your move. Restrictions do apply, therefore be sure to speak to your accountant to check if you’re qualified.