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Renters: The Cost of Moving to a New Apartment

William Paid January 24, 2011 Money Mondays, Renter Resources No Comments

Roommates Moving

You’re ready to move to a new apartment after dealing with a multitude of problems from noisy neighbors to rodent trouble. But, is your wallet ready for the expense? Here is a list of common moving expenses to budget for.

  • Moving Materials: The first step to moving (after finding your new apartment of course) is packing up your current apartment to move to the next. Unfortunately, unless you know someone with a bunch of boxes lying around, you will have to purchase these things yourself. A few of these items could include boxes, storage containers, packing tape, bubble wrap, etc. – all of which can get costly in large quantities.
  • Transportation and Help: Of course, you could always assemble your moving team and transportation by bribing your friends with free pizza. However, if you’re moving out-of-state or can’t find enough help, you’ll need ot hire a professional moving company that can move your belongings quickly and efficiently.
  • Apartment Fees: Moving into a new apartment usually requires a financial commitment past the rent payments. Often landlords wil require a security deposit equal to one month’s rent and possibly even a move-in fee to hold the apartment. Also, don’t forget about application fees, administration fees and pet fees. You could end up paying $1,000-$2,000 (or more) in fees alone.
  • Replacement Costs: Moving can be a messy business and if something gets damaged in your current apartment beyond the amount of your security deposit, you may have to shell out extra cash to cover those costs. Of course, not everyone will be faced with these extra expenses, but it’s better to plan ahead than to be scraping for cash later.
  • Renters Insurance: While this may not seem like a necessary expense, it is quickly becoming so as many landlords are adding renters insurance as a requirement in the lease terms – plus, it protects you in case something goes wrong down the road.

These costs can vary greatly due to where you are currently living, how much you are moving and how far you’ll be going. To ensure that you’ll be able to afford the move , start with a moving quote, add in projected fees and begin saving toward that goal. What other moving expenses have you incurred in the past?

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About The Author

My name is William Paid, Esquire and I’m a serial personal butler with 40 years distinguished service, orchestrating exceptional living experiences for exiled kings, rockstars, supermodels, and even a few “young gun” Internet executives who are now woefully overleveraged and unable to employ my services. My role is to ensure everything runs smoothly for renters and roommates. I’m at YOUR service.