Everyone long to live in the big apple because of all of its wonderful offerings. If your desire is to become one of those eight million New Yorkers, there are numerous factors to consider, starting with moving costs. Not only is living here expensive but also moving here can be heavy on the pocket. Of course, everyone’s moving costs are different because everyone has different needs, but the best way to estimate how much moving costs in NYC for you is to understand how much all variables individually add to the cost of your move, and then to do the calculations yourself. Here are some tips.
Setting up a moving budget is a crucial step in the relocation process, especially because moving costs have a way of multiplying without you even realizing it. Most people tend to underestimate how much a relocation is going to cost, which only adds to the stress involved in moving. To avoid this unnecessary pressure, it’s a good idea to dedicate some time to create a personalized moving budget, so you know what to expect. You can find numerous guides and templates online or by using simple software programs (like Microsoft Word or Excel) to create your own.If technology isn’t your best friend and you would rather calculate your costs by hand, another option is to buy a record book. A few adjustments may be required, but it will provide you with a standard outline to track your expenses. Also, make sure you have a good calculator on hand.
This fee should include gas charges and labor. It’s a good idea to call a few local moving companies and compare their price quotes. These will vary depending on the company’s schedule, bandwidth, and level of professionalism. The typical one-bedroom move in Brooklyn takes about six hours and costs between $1,000 and $1,250. A two-bedroom move requires a bigger truck and will cost between $2,000 and $2,500.
If your personal belongings (such as expensive art or furniture) are worth a lot to you, it’s a good idea to add insurance to your total moving costs.
Some moving companies may charge extra for certain services, such as moving heavy objects. They may also charge more depending on when you move, so it’s best to plan your relocation ahead of time and move during the off-season.
These will vary depending on the distance you are moving and may include accessorial charges, expedited service charge, flight charge, long haul charges, long carry charges, and shuttle service.
There is no need to include an amount here, but to be on the safe side, add in a five percent contingency rate based on the total moving company fees in case of any damages.
There’s the option to hire someone to do the packing for you. However, even if you decide to do this yourself, you’ll have to account for packing supplies such as packing tape and boxes.
Don’t forget to tip! Industry-standard is about ten percent of the total move.
A rental company like U-Haul has a starting rate of $19.95, but the overall cost will vary depending on the size of truck rental, location, mileage, fees, and day and date of the move. One-way rentals are also available since there are several rental locations all over the country.
Ask the agency you’re are renting your van or truck from how many miles to the gallon you can expect. The AAA fuel calculator is useful for calculating the cost of fuel along your route.
Your credit card company may already be cover this service for you. If not, double-check to include an insurance fee.
If you are moving many items you may need additional equipment. For example, a dolly, loading ramp, furniture covers, etc. might be useful. You can rent these things from Home Depot, however, some truck rental companies include these extras in their fees.
If you are moving a car, don’t forget to add the costs for fuel and maintenance fees, as well as oil, fluids and a check-up.
This will depend on how far you’re moving from. Research the stops along your moving route beforehand. When you’re booking rooms, consider the number of nights you will be staying and the number of rooms you will be needing. Some great booking sites are Expedia or Kayak.
Calculate an average cost per meal per person including and snacks and beverages.
You’ll have to consider whether you will require a place to stay at your final destination before your home is ready. Many people in the process of moving to NYC, opt for a fully-furnished rental through Blueground. The premium housing provider has numerous listings in the most popular neighborhoods in the Big Apple, where all you have to do is show up and start living. In fact, many of their renters have made their stylish serviced apartments turn into permanent homes beyond the first few months.
If you are selling your home through a broker or agent, you will most likely have to pay them a commission fee. The typical commission is six percent, which is split by the agent for the buyer and the agent for a seller, allotting three percent each.
Additional fees may include lawyer fees, title fees, inspections, and appraisals.
If you have plan on listing your home, advertising fees will be included.
Before you sell your home, it has to be in top condition. Therefore, it might need cleaning or repairs. The same applies if you are leaving a rental property. It must be left in the condition you received it in.
If for some reason you cannot give enough notice to a landlord, he or she may charge for canceling your lease. They also have the right to withhold your initial deposit.
In addition to the cost of your new home, you will need to factor in all the extra fees previously mentioned.
The most common rental broker fees in NYC are one month of rent (8.33% of annual rent) or 15% of the annual rent.
Whether you buy or rent your new home you will want insurance to protect your valuable items.
This is optional but can be challenging to calculate. One way to do it is by looking at the biggest room in your house. Another way is to look at which room requires the most work or items. You then break down each cost. You can either do this for each individual room or calculate an average cost for the whole house.
Most of the time, people look at the cost of the whole house and work around that. However, it’s important to remember to include the cost of your property tax. This cost may fluctuate depending on the area.
To acquire these costs, you can either contact your current providers or utility companies. This includes telephone, cable, water, electricity through ConEd, heating and any other services. If you plan on renting, ask your landlord if these costs are included in the rental fee.
If you are renting, you will likely have to pay both a rental and damage deposit. Additionally, if you are bringing pets, there’s a separate deposit for that, too. In NYC, the security deposit is typically one month’s rent. This is intended to cover damage to the premises beyond normal wear and tear. It is also used to cushion the financial blow in the case that a tenant skips out early on the lease without paying.