NYC Moving Budget – How big should it be?
Every relocation is a demanding process. It takes time, energy, and, most importantly, it takes money. When it comes to moving to New York, we can easily say that it’s probably the toughest thing to do.
Not only that it could cost a fortune, but it also takes so much time and so much energy. This is why we suggest you don’t do it alone.
NYC movers will make the process of moving to NYC a lot easier. Plus, hiring experts saves your money in most cases. We will discuss how and why.
Besides this, we shall also discuss how to calculate your NYC moving budget, helping you get a picture of how much money you need for your move to the Big Apple.
What to include in your moving budget?
A migration to New York City means entering the big scene. But it also means paying more for almost everything you might imagine. The City of Gotham is one of the most expensive cities in the world.
So, unless you’re moving to New York from a city with similar costs of living, you should prepare for an impact on your monthly budget. This is why we suggest you save as much money as you can on your NY move.
How to save your money? Well, some friends will surely advise you to try a DIY move. But, let’s discuss this a bit more thoroughly.
Have you got any experience in moving to such a big city?
Do you have tools, supplies, and equipment for such an adventure? Do you know how to pack and move your belongings? Are you handy for driving a moving truck?
If the answer is mostly no, then think again whether or not hiring experienced movers from NYC would be a less expensive venture. With know-how and expertise, they can lower the costs to a minimum, so you will practically save money if you hire moving help!
Now, in order to save money, you need to know what to include in your moving budget. Here are some of the most important costs to think of:
- Moving insurance cost – Your safety and the safety of your belongings is what you must think about in advance.
- Cleaning cost – If you want to get your deposit back, your former home needs to be properly cleaned.
- Deposit for your new home – When renting an apartment or house in New York, the deposit is what most of the landlords require.
How much do movers cost? NYC moving budget depends on this the most!
The cost you’ll pay for moving services depends on several factors:
- Moving distance
- The volume of your relocation
- What moving services you intend to use
How do movers charge you depending on the distance?
Depending on the distance, there are:
Short distance moves Long distance moves Short distance movers, in most cases, will charge you per number of workers and number of hours they are hired.
Therefore, if you intend to hire local movers, you’re most likely gonna be charged depending on the time they’ll spend moving your home from A to B.
On the other hand, when it comes to long-distance moves to NYC, the moving companies will most likely charge you depending on the volume of your relocation.
The relocation is considered long distance if the distance is longer than 100 miles.
If you’re crossing state or country borders your relocation can be: Interstate – If moving to another state within the USA.
International – If you’re moving to NYC from another country.It doesn’t matter if your move is local or long distance, it will cost you more if it’s interstate or international.
Of course, it will be way more expensive if you’re coming from another country to New York. Hence, the size of your NYC moving budget will need to increase if your move isn’t within the state of NY. Why? Simply because you’ll need to change your ID, your driver’s license, etc.
Therefore, prepare properly for your relocation. Make a good moving plan and do a precise calculation of what expenses you might have. After that, save enough money for your move, and prepare some money for some unpredictable situations. Conducting a relocation to New
York is a dance with the wolves if your budget for NYC move isn’t big enough.
The costs of moving insurance – Make sure you include it in your NYC moving budget
Sure, the basic insurance is sometimes included in the price you’ll pay for your movers. However, that insurance is based on the weight of your items.
So, if for example, your computer damages, you’ll get the compensation based on the weight of your computer. Would you be satisfied? Probably not.
This is why we suggest you discuss with your movers the insurance coverage. If the compensation is based on weight, it is recommended that you purchase a moving insurance policy guaranteeing you a proper coverage.
Cleaning cost – Don’t forget it when calculating the budget for NYC relocation
If you want your deposit back, you need to clean your home after you relocate. This means hiring professional cleaners or purchasing supplies and doing it yourself.
Whatever you choose, you’ll need money for it, hence make sure you do the calculation and make a decision whether you’re doing it yourself or hiring professionals, so you could know the size of New York City moving budget you will need.
The deposit – You’ll need money for this right after you move to NY, or even before that
If you get your deposit from your previous home back, then you’ll have it covered, at least partially. However, if moving to NYC from another city or state, make sure you realize how much money you’ll need for the deposit.
The rent in NYC is higher than the most of US cities, so you’ll probably need a bigger amount than the one you got back from your previous landlord.
Whatever you do, prepare some extra money
Yes, the calculation of the budget for your move to New York will help. It will give you an insight of what a New York move costs.
However, there are many situations that might take place which you can’t calculate. So having extra money is essential in that case.
Therefore, when asking how big your NYC moving budget should be, we say you read this article and calculate it, but make sure you add at least 10-20% more!