You can expect your expenditures to increase extravagantly
when you rent or purchase a home. You may think that you have planned for a
long time in order to purchase your home, and the money you had in your bank
has been used for the home purchase. But it’s not all. After getting a new
home, you need to move to that place. It means that you are going to need a lot
more money to start living in the new home.
Having that said, there are a few things that you can do to
prevent getting bankrupt.
Get rid of the load
When you move, you need to pay for every gram the moving
company takes to your new home. While there are items which you need to move
with you to the new home, there are going to be plenty of ones which you
wouldn’t need. Now, getting rid of those items doesn’t only help in reducing
the costs of moving but it can actually help in earning a few bucks. Arrange a
yard sale and put everything which haven’t used for years.
Ask a professional
Despite the fact that professional movers are going to
ensure the safety of your items, you also have to make sure that you have
packed items quite safely. Now, you might not have good experience of packing
things for moving. However, you can get help from the professional movers. It’s
recommended to hire a moving company well ahead of moving day. After hiring,
you can contact them to ask for the tips for effective packing of your items.
Avoid breaking the
existing lease
Although you may want to move to the new home before the
lease expires, it is recommended that you should avoid breaking the lease prior
to its expiry date. Lease agreement binds you to pay the rent whether you live
in the home or not. So, moving to the new home before lease expiry is only
going to put a financial burden on you.
Tax benefits of
moving
See if there are tax benefits you can get with the move. For
this purpose, you will need to save the tax deduction receipts. However, there
are a few restrictions that you will need to keep in mind. For instance, make
sure you are moving 50 miles away. Then you also have to see if the purpose of
your move is related to your job. If your commute increases by 50 miles after
accepting the job, you can claim for the tax benefits.
Don’t settle
Settling in a place means you are going to live in that
place for a long time. Well, an average American moves 10 – 12 times in a
lifetime. So, you don’t really want to make exhaustive repairs and renovations
in the place you are not going to live in for too long.
