Budgeting A Home Move For Your Growing Family

A growing family means needing more room to grow. Many of the more affordable starter homes or apartments have fewer bedrooms than family members, which prompts Americans to move as they expand their families. In fact, the average American will move 11.7 times in his or her lifetime. Moving to a new home or apartment is exciting, but it can also be a time that is filled with uncertainty. Considering that the cost of moving may involve time off to pack and prepare, the cost of moving supplies or movers, the cost of a new home loan or lease, and whatever improvements are needed at any residence, it’s no wonder people worry about breaking the bank! But when you are ready to move, there are several things you can do to help keep your budget in check.

Do your research

When you are considering a move, it’s important to make a plan! Figure out what your budget is – not only for your new home or apartment but for the actual move itself. Some expenses are obvious – like the cost of the actual moving vehicle rental or moving service – others might not be. For example, watch out for hidden home-buying or lease fees that you might be required to pay upfront or yearly. However, bear in mind that certain services, like HOA management, for instance, come with many benefits. When it comes to HOA management Myrtle Beach is one of the most popular places with buyers because perks such as inspections and emergency repairs are all included. 

Enlist help

It can be hard to ask for help, but if you have friends or family who are offering, it might behoove you to take them up on it! Particularly if you have small children, it can be difficult to find time to pack. A friend who is willing to either watch the children, or who offers to lend you a truck or a handloading furniture, can be a real lifesaver. Additionally, when you do need to hire professionals, such as mortgage brokers, attorneys, or moving services, you can turn to your friend network for trusted recommendations.

Don’t let your insurance lapse

You’ll want to make sure that you maintain insurance for your belongings while you are between residences. You should also check with your movers or moving vehicle rental company to make sure that you know how your belongings would be covered if anything should happen to them during transit. If you already had homeowner insurance previously, you will want to check to make sure that it says in effect. If you have very valuable belongings, you may even consider taking out a temporary policy.

Prioritize your home needs 

When you’re searching for a new home, it’s important to have a list of those features that are most important to you. If there are some things – such as a particular location or a number of bedrooms – that are deal-breakers, you won’t even need to bother looking at homes that don’t meet those criteria. On the other hand, you may save some cash by investing in a place that meets your top needs, even if it doesn’t have all of the desired amenities on your list.

Moving can be stressful, but it doesn’t have to be prohibitively expensive. By planning ahead and researching, you can find simple ways to minimize the cost of your move and get yourself where you want to be – enjoying family time in your new home!

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