Browsing Tag

moving expenses

General

Moving Expenses You May Not Know About

People are often surprised by how much it costs them to move house. It’s common to underestimate the expenses and be unprepared for the move. If you’re planning on moving home soon, don’t get caught out. You can make sure you have enough money saved up by knowing the typical expenses involved. Whether you rent or own your home, there are a number of costs that can all add up until you spend more than you thought you would. From mortgage costs to movers, more money can go into it than you might expect. Think about the typical expenses below to make sure you don’t get caught out.

Estate Agent and Letting Fees

Whether you’re buying or renting your new home, you’ll have to pay a fee to the agency you use. You won’t pay the agent for helping you find somewhere to buy, but chances are you’re selling at the same time. And the realtor will be taking a percentage of the sale price, so don’t forget to factor that in. When you rent, you’ll need to pay when you sign the contract, and there could be other costs too. You might have to pay property management fees, for example.

October 29, 2015

Money Saving Tips

Ways To Reduce Your Moving Expenses

When it’s time to move to another house or even another area of the country, although the transition of entering into a new season of life can definitely be exciting, if there’s one thing that no one really looks forward to (and may not have created a budget for either), it would have to be incurring additional moving expenses. Although it is one more expenses that can be quite a bit of a pain, you can save a substantial amount of money by simply being prepared.

Below are some tips on how you can make moving much less stressful by making it as inexpensive and as smooth a process as possible:

Learn about your local moving companies. Whether you’re moving to Spain and need to research removals to Spain, or even if you’re moving a short distance, you may end up paying more than you had to if you would have simply done a Google search and looked up the moving companies in your area. So, spend some time looking at their hourly rates and mileage rates and comparing them with other companies. That’s a better way to get a good price. Also, it’s good to know ahead of time that movers tend to charge more money during the summer, on the weekends and during the holiday season. So, if there’s any way that you can move around those dates, you’ll be glad that you did. If you’re not moving far, don’t be afraid to simply ask friends and family members to help you move. They will likely be glad to help you out and this route will save you a lot of money.

April 27, 2013

Money Saving Tips

How To Save On Moving Expenses

When it’s time to move to another house or even another state, although the transition of entering into a new season of life can definitely be exciting, if there’s one thing that no one really looks forward to (and oftentimes does not budget for either), it would have to be incurring the additional moving expenses. Although it is an “extra bill” that can be a bit of a pain, you can save quite a bit of money by simply preparing ahead of time.

That’s what we’re here for: To provide you with some tips on how you can make moving much less stressful by making it as inexpensive as possible:

Don’t take what you don’t need. The more stuff that you have, the more boxes you will need and ultimately, a larger-sized truck that you will have to get as well. One way to trim down a lot of time and money is by getting rid of what you don’t need. So, go through all of your clothes, books, electronics and all of that stuff that’s been collecting dust in your attic and garage. What you really don’t use much, donate it to Goodwill or hold a yard sale to make a few extra dollars. Oh, and if you realize that some of your furniture is either too large or too dated, get rid of that as well.

January 21, 2013

Taxes

Can I Claim Moving Expenses As A Tax Deduction?

It is important for Canadians to educate themselves on any and all possible tax deductions. As Canadians pay more than 40% of their annual salaries to taxes through income tax and sales tax, it is key for us to save on taxes wherever possible.

Believe it or not, there are times when a Canadian can actually claim their moving expenses and receive a tax deduction. For instance, if you moved during the year and established a new home to start a new job or business, or if you are a full time student you may qualify for the tax deduction.

Eligible moving expenses include transportation and storage costs for household items, traveling expenses such as meals and accommodations, etc. You can also claim some expenses related to the selling of your previous home such as advertising costs and legal fees.

May 8, 2010