Average Cost to Move Into a New Home

As a first time home buyer, you know that buying your home isn’t cheap. But buying the house isn’t the only major expense you need to prepare for. You also need to budget for the move and that money will likely come right out of your checking account. The average cost of a long-distance move comes to about $4,890! Don’t panic—though moving can be expensive, you can lower your costs if you understand what influences your expenses.

Packing Materials

When movers pack your home for you, they typically want to use the supplies they sell. This is because they know what each box can handle and which padding materials will work best with the boxes they use. You can offset your costs by buying your own boxes, tape, and padding and packing your home on your own. For first time home buyers, this is a great choice as long as you don’t have tons of items that you need to pack.

Shop Around

Get quotes from different moving companies and compare their rates and services offered. Choose the company that you’re most comfortable working, both in terms of their price and their services. Remember, you often get what you pay for when it comes to choosing movers. Going with the cheapest choice may not be in your best interest.

Move on the Right Day

Believe it or not, movers don’t always charge the same prices for every day of the week or month. Moves that happen in the beginning or end of the month and on the weekend will almost always cost more. If you can, try to choose a move-in day that’s in the middle of the month or on a weekday. This can save you hundreds and may make it easier to find a company that has time to work with you.

Borrow a Bit More

It may be possible to borrow money for your moving expenses when you take out a mortgage as a first time home buyer. When you’re ready to apply, reach out and let our experienced mortgage brokers help you find the right mortgage.