Removal is a costly process that requires careful planning and organizing. When it comes to tracking your savings and expenses prior, during and after removal, all experts agree that it is necessary to create a moving budget. In fact, it is the very first task when removal process is concerned. You need to know how much money you are willing to spend on removal, how much money you have and also prepare for emergency or additional costs and fees. But, why exactly creating a moving budget is relevant?
Here are few reasons why it is recommended to create a moving budget.
For a smooth and stress-free removal experience, set up a budget plan to have an idea of how many financial resources you will need in order to complete each moving step. It will help you determine whether you have a certain amount of money necessary for removal and you will be able to control your spending and financial limits. Moving budget will also enable you to learn how to handle money and how to save during such complex tasks and you can use this knowledge for later events in your life. You can also provide tips to your friends in need during their removal.
Setting up a moving budget
Technology is your best friend here. You can download a moving budget template and start working on your budget. You can use appropriate software programs that will help you with calculations. But, if you prefer the old-school way, use a paper, calculator and a pencil and start planning. Where to start? Well, every moving budget includes moving company expenses, van transportation costs, self-moving expenses, post-removal costs and emergency/unexpected costs. However, one of the most important and most difficult aspects of moving budget is moving company costs. There are so many things to focus on and so many costs that shouldn't be overlooked. Prior hiring a moving company you need to research thoroughly and take into consideration so many details regarding costs, reputation, estimate, services, etc. When it comes to costs and fees bellow are listed basic aspects you need to check and costs to include into your moving budget checklist.
- Moving company expenses
When it comes to a long-distance removal, it is probably the best to hire a professional and licensed removal team in London. DIY removal just seems a cheaper solution but when you add up forgotten costs like packing supplies, fuel, renting truck and moving equipment, insurance, road tolls and many more, hiring movers and packers is the right solution. If you opt for a moving company, here are few possible costs to take into consideration.
- On-site estimate
Before you decide which moving company to hire for your removal, make sure you ask for on-site estimate from several companies. This will give you an idea of how much to budget for during this relocation. There are two types of moving estimation: binding and non-binding. Moving experts recommend that you choose a binding estimate. However, some companies will charge you for this service so make sure you ask whether they will charge you for the issuance.
- Weight and distance
The distance to your new address and the weight of your household items are two major factors the moving company takes into consideration when determining the final moving cost. Moving companies have different methods of calculating removal costs. Some focus more on the weight than on distance while others do the opposite. After you get few estimates and quotes, compare the rates and see approximately how much each kilo is charged or how much you will be charged per mile. Once you determine that you will not be overcharged, take into consideration other factors of hiring a moving company and choose the one that offers affordable rate. Remember to check out the company to make sure it can meet your requirements and needs.
Once you hire a moving company, you will sign a contract and you will agree on a basic limited liability protection of your belongings. This is a free coverage but in reality, it is not a good option. Let's say you have a flat screen TV. In case it gets damaged, you will receive $18 as compensation since the coverage rate is 60 cents per pound per every item. This is an indicator that it is necessary for you to buy additional insurance from the moving company or insurance company. Full value insurance will keep the company liable for any damage or loss and they will have to pay the exact value of that certain item.
The majority of moving companies charge for packing service because it is an additional service. This cost should be added to your moving budget. Therefore, if you want to save and lower the moving costs, pack as much as you can by yourself and leave the complicated and delicate items for professional packers. The same goes for unpacking service. Perhaps you should complete this task on your own since it is not that difficult. You can always have the movers do it for you. However, they will charge you.
- Furniture disassembling
If you have few friends who will be happy to help you with assembling and disassembling, ask them for help. Why pay a moving company to do it when you can complete it yourself, with some help? If you or some of your friends have experience in disassembling beds, desks, sofas and other items, you can save some money. But, if you want to rely on professional help, be ready to add this service into your moving budget.
Storage is usually additional service most companies charge for. If your new place is not ready yet for moving in, you will need temporary storage. Since such services are not usually mentioned in an estimate, contact your company and discuss the rate.
- Other extra fees and charges
Other hidden charges and fees might include:
- cancellation fee (if you opt for a different company and cancel current one)
- flight charges (carrying items up and down the stairs)
- specialized removal (heavy items)
- long carry fees (distance from the truck to the residence entrance)
- extra stops fee (additional pick-ups or drop-offs), etc.