moving tips

Top Hidden Residential Relocation Costs You Didn’t Know About

Home shifting is an exhausting task. Filtering all the stuff, packing, selecting a professional packers and movers, shipping out and then finally settling down in a new space is a huge process. The cost of the entire moving process involves spending cash which sometimes will go over your budget.

These are top hidden charges during the relocation to a new place which you should be aware of for a hassle free experience.

Onsite estimates

All professional packers & movers will estimate and share a quote only after accurately going through the stuff which needs to be relocated.   These charges are usually fixed by the professional moving companies, but always keep a buffer of 4-5% for any unforeseen expenses.

Rent Deposit

Once you have decided to move to a new place, it maybe mandatory to pay a rent deposit. This amount can be equal to 6 months to 1 year of the rent value. In addition to it, there maybe an additional 10 % increase in rent every year.

Broker’s fee

If you have moved to your new place through a real estate broker, then you have to pay a brokerage commission. The charges can vary, but it is usually equivalent to 1 or 2 months’ rent. You can save some money by selecting a flat online or through some Facebook groups where people look for tenants without brokers.  Calculate these additional expenses too since it will also affect your budget.

Repair Expense at The New Place

You may need additional help of people of carpenters, electricians, pest control agents,  apart from the packers and movers during home shifting.  You must be prepared to pay for additional fees for a new TV connection and other sundry expenses.

Society Maintenance Deposits

You would be required to pay maintenance deposits for your new home. It includes pay for all the common amenities like lighting, park, swimming pool, gym, community hall etc. This amount rises 4-5 % every year. That’s definitely a big amount, so it’s better to be prepared in advance.

Insurance Expenses

If you have fragile items in your shipment, it is advisable to cover them with insurance. Insurance cost is considered to be an additional cost, but it is very helpful if something goes wrong. Same for home insurance – better safe than sorry.

Car or Bike Registration and NOC

If you are moving to a different state, then you have to also pay an additional amount to cover the registration of the car. It depends on the car type. You must be prepared to pay this additional cost too.

Living Arrangements

Since you maybe moving to a new city, you may not have a ready place to live. You may have to put up your family in a serviced apartment which may be an additional burden.

Eating Out

Moving to a new city, it takes time to set up a kitchen. You may be forced to eat outside everyday for a couple of weeks till things settle down.

Time Cost

Time is a critical factor during any move. It is important to allocate sufficient time to prepare for the home shifting, as service providers can charge extra cost for delays.

Anjana

Anjana Bhartia is a foodie, social media enthusiast, book worm and a blogging addict. Married into the armed forces she enjoys moving all over India with her bags, books and dogs in tow! Being an Army wife has made her a moving pro. She loves sharing her tips and tricks to help make your move hassle free!

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