How to prevent financial losses while moving

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Few of us are fortunate enough to be able to relocate for free. For the majority of us, relocation expenditures pile up quickly, which can cause unneeded worry during times of financial crisis. We at Spyder Moving Services are specialists at controlling expenditure and can assist you in sticking to a budget without jeopardizing your sanity. These few moving suggestions will discuss cost-effective methods of relocation and help you prevent financial losses while moving. Prior to diving into these cost-effective money-saving strategies, make a moving checklist that you can amend and cut as you continue to plan for your relocation.

a man looking up how to prevent financial losses while moving on his computer
Make sure to make a list of these cost-cutting methods so that you don’t forget something.

7 ways to prevent financial losses while moving

Moving to a new home is always an exciting endeavor, but it can also be rather costly. Apart from the expenditures associated with acquiring a new home to reside in, relocating itself might incur a slew of charges. The key to minimizing your relocation expenses and preventing financial losses while moving is earlier planning. Making a little additional work in the months leading up to a relocation might save you a lot of money when it comes time to pack. In the next few paragraphs, you can read more about our five moving strategies to prevent financial losses while moving. If you don’t have the time for a DIY move, feel free to contact local moving companies Memphis since their rates are much more affordable than other companies.

1. Plan an off-season move

It’s smarter to choose to move during the off-season which is typically between October and April. Moving companies maintain their costs high throughout the late spring, summer, and early fall since their services and products are in great demand. Outside of those seasons, demand declines, and many moving companies will reduce their charges in an attempt to increase business. Utilize this by scheduling your relocation for the fall, spring, or even winter, if the climate permits. This will significantly reduce the cost of your moving service or truck hire.

2. Declutter your home and sell what you no longer need

Did you realize that moving may earn you money? Begin by accumulating some unwanted products that are still sellable. Consider if these objects are worth the time, expense, and inconvenience of moving. Otherwise, sell them and use the proceeds to cover relocation fees. Certain decisions are simpler than others, such as selling an outdated television set. Then there are the more challenging judgment calls. While you may like the piano on which you learned to play, if you rarely use it, it may make sense to sell it to a home that would appreciate it. Once you’ve created a mental list of all the stuff you’re not taking, it’s time to plan how you’re going to sell them and earn the most money possible.

a jar filled with money and a label that says "savings"
Decluttering and selling what you no longer need can pay off some of your moving expenses.

3. Donate large items that you are unable to sell

It is critical to obtain an itemized receipt in order to deduct the gift from your income taxes. Donate everything you are unable to sell. Thrift stores are perfect for easy and convenient donations. Certain establishments even feature drive-up garage access. You drive through the doors into an enclosed corridor, unload your belongings, and someone will be ready to provide you with a receipt. To make your donation potentially cost-effective, request an itemized receipt so that you can deduct the amount from your income taxes.

4. Reuse low-cost or no-cost packaging materials

Packing materials may be rather expensive. Rather than purchasing a big roll of bubble wrap, consider repurposing household objects as packing material. You can save money on packing goods by following these steps:

  • Socks are an excellent material for wrapping glassware.
  • Towels are an excellent method to separate plates.
  • Utilize original packaging to transport the contents, or find a method to repurpose these old boxes to safeguard more valuable items.
  • Avoid purchasing moving boxes entirely.
  • Utilize websites such as Craigslist to locate someone ready to give them away.

5. Prior to relocating, determine the access points

We’ve all heard stories about the sectional couch that was unable to pass through the doorway. Or a king-size bed that will not fit up the cape cod’s steps. Avoid the mistake of estimating size by eye. A simple approach to accomplish this is to take measurements of the size of each room in your new living area, taking into account the width and height of door frames, stairwells, and corridors. Are you too far away to participate? Request this information in advance from your future landlord or current seller. Once you’ve determined what will not fit, it’ll be much easier to select what must go and what can stay. To avoid damaging your items, we suggest hiring professional movers like movers Biloxi MS. They will know exactly how to take in your bulky items in the best and safest way possible.

6. If you’re in a hurry, self-storage is a good option

If your relocation is merely temporary, or if there is a time lag between when you must vacate your current residence and when your new residence is ready, renting a self-storage unit may be your only alternative. Renting a storage unit might seem counter-intuitive when you think about how to prevent financial losses while moving, but it is actually better to rent out a storage unit than to hire a moving company in a hurry. Chances are they will up the price because the moving date is too close.

a woman talking with her boss
Talking to your employer about your relocation allowance could prevent financial losses while moving completely.

7. Submit a refund request to your employer

Before you accept a job offer in another state, inquire with your employer about relocation charges and compensation. You’d be astonished at the extent to which some businesses are prepared to repay. If your employer pays you nothing, your relocating expenditures may be tax-deductible if you are a member of the military. Always consult your accountant or tax counselor to determine whether you qualify for a write-off or a relocation allowance. This could cut your costs significantly.

When combined, these tactics can help you save a lot of money and stress during your move by keeping prices low and making the entire process less unpleasant. If you are looking to expand your business or start a company in a different state, commercial movers are the best option for you. If you want to prevent financial losses while moving of course. We wish you a happy relocation!