Moving to a new property can be exciting at the same time stressful event. As Gemstone Management we realize this and our goal is to support the residents every step of the process of moving, including helping you in saving money. Though moving can be costly, with proper planning and use of available resources you can significantly reduce your costs significantly. Here are five tips on how to save money when moving, brought to you by your trusted multifamily property management company in Texas.
Tip 1: Plan Ahead and Budget Wisely
To save money while moving, the best way is to do pre-planning by making a detailed budget of all the expenses that can occur during the move. This way you will have a clear idea about all the necessary and unnecessary expenses. The first step to make a detailed budget is writing down all of the potential expenses such as supplies required for moving, moving transportation expenses, security deposits on new apartment or home leases, as well as the additional expenses for cleaning or repair damages to your current rental unit. The second step is keeping a track of all the expenses, which you can achieve with the help of budget monitoring tools/apps which are easy to use for you. This will help you have full control over your set budget and spend without crossing the limit.
Pro Tip - Always make sure to keep room for some last minute expenses that can occur during the move by setting aside some additional funds This will help prevent you from stressing about expenses at the last minute.
Tip 2: Declutter and Downsize
Another best way to save money while moving is to use moving as an opportunity to declutter and downsize your unnecessary items as the cost of moving depends majorly upon the number of household items you own. In order to best declutter and downsize, visit every space of your home, make a list and sort out all the items in three categories: Keep, Donate, Sell.
Keep: You can list all stuff in this category which you wish to keep and use on a regular basis or those with sentimental value for you.
Donate: You can list all used things in this category which are eligible for donation to local charities or people who need them.
Sell: You can sell all items in this category that are still good as new but no longer serve your needs. This will enable you to get rid of them through garage sales or online markets, therefore, increasing your earnings. By selling these items, you will be able to make some extra money that may go towards paying for the move.
Pro Tip: In order to save time, schedule pick-up of the donated items.
Tip 3: Compare Moving Quotes
Getting moving quotes from multiple movers and comparing them can be another way to save money while moving as it is always considered best to not settle for the first quote while deciding the mover. Also check the ratings and reviews of the company you are going to select as a mover and always make sure to inquire if there will be any additional charges on the quote they shared.
You can also save money by renting a moving truck and asking your friends and family to help you move as an alternative to hiring a mover. This method is more suitable when it comes to moving to short distances.
Pro Tip: Relocating at off-peak times (mid-month, weekdays or during winter months) could mean lower moving rates in most cases.
Tip 4: Pack Efficiently and Cost-Effectively
Packing is a major cost but it is possible to reduce it. Begin by looking for free or low-cost packing supplies. Ask local stores for unused boxes; use suitcases, laundry baskets or storage bins for packing.
Maximize space in each box while arranging your items according to their space for efficient packing. Clearly label every box so that unpacking will be easier and you can avoid potential damage. Use towels, linens, and clothing to cushion fragile items instead of buying bubble wrap and packing paper.
Pro Tip: Make a schedule on when to pack so that you won’t make rush decisions that might result in poor packaging leading to losses of some precious belongings.
Tip 5: Take Advantage of Tax Deductions and Discounts
Another way to save money is to file the tax deductions on moving expenses. You can check IRS guidelines in this regard especially if you are moving work-related. A tax professional can also check your eligibility for it so consulting a professional for this will always have an advantage. To file these returns you need a record of all the moving expenses so be sure to gather all the necessary documents required.
The property management companies can also get you the best price from moving companies so always consult with a property management company regarding this. The promotions and special offers by moving companies can also help you get the best deal so always research well before hiring a moving company to look for available discounts, if any.
Pro-tip: Speak to your employer about relocation assistance or reimbursement of moving costs if your move is work-related.
Conclusion
Moving does not have to be stressful and empty one’s wallet. You can save money on moving by following the tips such as detailed budget, planning, decluttering, comparing quotes, packing efficiently, getting discounts, and applying tax deductions.
At Gemstone Management, we’re here to support you through every step of your move. Feel free to reach out to us for more moving tips and information about our properties and services.
We’d love to hear your own money-saving moving tips! Share them in the comments section below. For more information about our properties, services, and investment projects contact Gemstone Management today.
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