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30 Apr, 2019

Set Your Moving Budget With This Guide

Whenever you are planning a move, make sure you set a realistic moving budget to control the unnecessary expenses and avoid hidden costs involved in the relocation process. Most people in Newcastle skip preparing a budget and then end up paying more.

The lack of financial preparation could cost you more in the long run and affect the post-relocation activities such as buying new curtains, customising doors and windows, interior designing a new house, etc. You need extra dollars for these things, and that’s why it is vital to invest some time in creating a moving budget two weeks before your moving day.

A well-prepared budget will also help you choose reliable, committed and cheap Newcastle Removalists with ease. You can shortlist the best companies and choose the one according to your specific needs and financial requirements.

Here is the complete guide that will help you create your moving budget.

1. Create a Template of your Moving budget

Calculating the estimated moving budget is essential to avoid extra expenses on unnecessary things involved in the relocation. One of the easiest ways to set a realistic budget is creating a template on MS Excel or Word. These are the best software programs that allow you to create all the estimated expenses and use formulas for quick calculations.

It is better to create a template on Microsoft Excel because it provides everything you need such as formulas, super-easy breakdown in a matter of a few clicks. This is an innovative way to make your job more comfortable because you can also make a few adjustments to the column titles, highlight the major expenses in the column so that you can track everything with ease.

2. Evaluate the Moving Company Expenses

No wonder hiring a professional removal company in Newcastle can save you money by saving you precious time, especially if you are moving across the city. If you have decided to hire a company, you will need to check the estimate of a relocation process that will be based on the weight and distance of the relocation.

Here are the best tips that will help you know exactly what a moving company charges when shifting your belongings from one place to another.

Fees of a Moving Company

Don’t forget to include the moving company fees into your estimated budget. Make sure you compare the prices of at least five companies before making the final decision.

Insurance (Additional)

Include the additional insurance coverage to your moving cost, particular for precious and expensive items.

Extra Services

This includes preparing electronic appliances for a move, moving a pool table, etc. Ask removalists for quotes if these services apply.

Packing expenses

Ask for the packing service as well. Professionals will wrap your belongings using high-quality materials for a damage-free move. Since it is an additional service, make sure you for the quote separately.

3. Add Expenses when your are self moving

Many people prefer moving without any professional assistance just to save money. But if you are self-moving, you will need to spend more on packing supplies, moving truck, storage area (if required) and a lot more. Let’s have a look at the following things that you need to consider while moving your house alone:

  • Mileage/Gas
  • Moving truck on rent
  • Rental equipment
  • Dolly
  • Packing supplies
  • Food and drink, etc.

4. High-quality Packing Supplies

Don’t forget to include packing supplies in your estimated moving budget. It is always good to invest in high-quality packing materials for the safe and secure transition of your valuable belongings. Instead of using old and used materials, it is good to go for the best quality of supplies that can give an extra shield to your items throughout the journey.

Let’s take a look at the items that will be required while packing your precious belongings:

  • Sturdy Cardboard Boxes
  • Packing paper
  • Packing tape
  • Bubble wraps
  • Heavy-duty plastics
  • Furniture and mattress covers
  • Labels and markers, etc.

5. Transportation Expenses

In case you are moving to the new city, then include the transportation cost as well in your moving budget. If you are making an interstate move for a new job, make sure you talk to a tax professional about deducting the expenses from your taxes.

Include the costs of following things if you are engaged in a far-distance move:

  • Car Shipping
  • Car Maintenance (Fuel/oil)
  • Lodging

6. Storage Fees

Sometimes you need space to store the household belongings during the transition journey. In such scenarios, you need a full-featured storage where you can protect your valuables with ease. Be sure you include the following expenditures while renting a storage unit:

  • Rent
  • Insurance
  • Lodging Costs, etc.

7. Move-in Expenses

This includes all the costs you spend in your new house in Newcastle. You can make a rough budget to have an estimated idea about the expenses during the move-in process. Few things can be customised according to the needs such as:

  • Utility Set up
  • Appliances
  • Misc Household Items
  • Furniture, etc.

Conclusion

Setting an estimated moving budget can save you from unnecessary expenditures and keep your expenses under control. This can also help you choose a reliable, affordable and certified removal company in Newcastle with ease. You can shortlist and choose the best one that can best fit within your budget.