How To Budget Your First Apartment Move - Start Planning Today!
Are you moving into an apartment for the first time? Have no idea how to budget your move? Don't panic- it's not as difficult as you think. This post will help you get started on the right foot with tips and tricks to make moving a little less stressful.
Moving to a new place is one of the scariest and most daunting tasks, but it doesn't have to be! Moving for the first time can be very overwhelming. There are many things that you need to decide on to make your move as stress-free as possible. The most important part is finalizing how much money you want and how much you can spend. This article will guide you through this process so that your move goes smoothly and without any unnecessary costs or headaches.
Start by setting a budget- how much can you afford to spend on your new apartment?
When you start packing for your new apartment, one of the most important things to consider is how much money you can spend. It's not just about buying furniture and appliances; moving requires a lot more than that! The following are some expenses- big or small- that need to be taken into account when setting up an affordable budget for your first move:
Cost of movers
If you're hiring a moving company, you can expect to spend anywhere from $50-$200 per hour for labor. If you are looking for best apartment movers, it’s important to do your research beforehand! This will help you find many options which will be affordable and suitable for you.
When you buy a new home, you don't just pay the cost of the property- there are many other costs to consider. In addition to your down payment and closing fees (which can range from $3000-$5000), be prepared for a security deposit that ranges anywhere between one month's rent and three months' rent.
If you're renting an apartment, on top of paying the first month's rent plus any deposits/fees applied by the landlord, expect to spend money upfront as well! You'll need at least one or two months’ worth of living expenses to cover things like:
Utilities in advance
Many utilities come with your apartment that you might not even think about. Include in your budget:
- Water from a landlord's property line
- Gas/oil for heating and cooking, which can cost between $150-$300 per year depending on usage patterns - electric car charging stations ($50+)
Additional expenses incurred by renters include the following:
- Cable (ranging from around $40-$70)
- Internet access ($30-$60+).
- Appliance delivery fee if needed. This may include paying towards installation charges as well.
If these are included as part of the rent, they should be considered within the initial expense calculations. When renting an apartment online, it is important to understand what fees may or may not apply and whether they will need to be paid upfront or at some point after move-in.
Figure out what's important to you in an apartment (location, amenities, etc.) and set priorities
Visit your new apartment complex during the day, at night, and on weekends to see what it's like. Figure out if you need a yard or not. If so, decide how much of one.
What about parking? Make sure that isn't overlooked! Parking is typically expensive in apartment complexes, costing upwards of $200-$300+ per month. You may be able to negotiate this with your landlord by including it as part of rent negotiations but do your research before committing yourself.
Find apartments that fit your criteria and make offers on them
Buying or renting a home is a big decision. You want to make sure it's the right place for you and your family. Take as much time as you need looking so that you can be 100% confident in both.
Make offers on apartments that seem like they would fit what you're looking for! If there are any additional things or services included (like parking), try to negotiate with the landlord before making an offer, this will likely lower rent by quite a bit.
Get pre-approved for a mortgage before looking at any properties, so you know what your monthly payments will be
It would help if you were pre-approved for a mortgage before you start looking at properties. This will allow you the freedom to find what best fits your needs and budget without having restrictions. It also helps with negotiating prices because landlords know that.
Make sure the property is in good condition before signing anything! You don't want to have to deal with repairs right away
The property should be in good condition before you sign anything. This will help avoid any costly repairs right away and also gives the landlord incentive to fix things if they know that your lease is for a year or longer.
When it comes time to move, pack up all of your belongings ahead of time so that everything goes smoothly when moving day arrives!
The move will go smoothly if you're prepared and have the packing down before moving day arrives. This will save you a lot of extra costs that can occur at the last minute. You might even want to consider hiring professionals from Movers.com who are experts in residential moves! They'll take care of everything, which means less stress for you on your first big move!