Moving into a new house is an exciting time. But it can also be a bit stressful, especially when you start thinking about all of the expenses involved. We all would like to save where we can, but there are some things that are just worth spending a little extra on.
In this article, we’ll go over 8 big expenses you should be prepared for when moving into a new house.
1. Your new house cost (Morgage or Rent)
First, there’s the cost of actually buying or renting your new house. This is likely to be your biggest expense by far. In general, the instalment should be less than 30% of your income to make it affordable and for you to manage monthly payments.
It’s important to buy a house that you can afford comfortably without stretching your finances too thin. It’s better to have a smaller, more affordable home that you can enjoy without worrying about financial stress and instability. A more expensive house can come with higher property taxes, insurance costs, and maintenance expenses. These additional expenses can strain your budget and make it difficult to keep up with your mortgage payments.
2. Pest Control
If you’re moving into a new home that’s infested with pests, you’ll need to budget for professional pest control services who will take care of everything for you. This is generally a one-time cost, but it can be significant depending on the extent of the problem.
To deal with pest control when moving to a new house, here are my suggestions to make sure your new home is pest free:
- Inspect the property: Before moving in, inspect the property for any signs of pest infestation, such as droppings, gnaw marks, or insect carcasses. If you notice any of these signs, contact a pest control professional to assess the situation and provide treatment if necessary.
- Seal any entry points: Pests can enter your home through small cracks and gaps in the walls, floors, and foundation. Seal these entry points with caulk or weatherstripping to prevent pests from entering your home.
- Keep your home clean: Pests are attracted to food, water, and shelter. Keep your home clean and free of clutter to minimize hiding places for pests. Store food in airtight containers and clean up spills and crumbs promptly.
- Use pest control products: Consider using pest control products, such as baits, traps, and sprays, to prevent and control pest infestations. Be sure to follow the instructions carefully and keep these products out of reach of children and pets.
- Hire a professional pest control service: If you’re dealing with a severe pest infestation, or if you’re unsure how to prevent pests from entering your home, consider hiring a professional pest control service. They can provide a comprehensive inspection, treatment, and prevention plan to keep your home pest-free.
3. Professional house Movers
Then there’s the cost of moving all your stuff from your old place to your new one. This can add up quickly, especially if you’re hiring professional movers. Get references and compare rates before making a decision. If you do not own a lot of furniture or your new place is not too far away, you might be able to get away with doing it yourself or with the help of friends and family.
4. New Furniture
Once you’re settled into your new home, you’ll need to start furnishing it. If you don’t already have furniture, or if you want to replace old furniture then this can be a significant expense. This can be anything from Bed Bases to couches and tables. Be sure to factor in the cost of furniture when budgeting for your move. The good news is that you can often find good deals on used furniture if you’re willing to put in a bit of effort.
5. Utility Deposits
Be sure to budget for utility deposits when moving into a new home. These are typically required by electricity, gas, water, and trash companies. The monthly utility rates should reflect in your budget as well.
6. Home Insurance
Home insurance is another necessary expense when you move into a new property. This will help protect your home and belongings in case of an accident or natural disaster. Factor this into your budget when moving into a new home.
7. Cleaning, Maintenance And Repairs
Finally, you should budget for any maintenance and repairs that your new home may need. This could include painting, fixing leaky faucets, or dealing with any other issues that arise. This is also an ongoing expense so make sure to factor it into your budget long-term.
8. Furniture & belongings storage
If you’re unable to move into your new home immediately, you may need to rent a storage unit to store your belongings temporarily. The cost of storage will depend on the size of the unit and the length of time you need to rent it.
Stay in touch
Hope this post inspires you and of course, I’d love to know what you think! Let me know in the comments below or find me on Instagram, Facebook or Twitter and add the hashtag #practicalfrugality so that I can see your post.
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Magdalena
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