How Much Money Will You Need for Moving a House in 2021?

How Much Money Will You Need for Moving a House in 2021?

Moving home is something that all of us have to do at a certain point in life regardless of the reason. Moving is quite an expensive and scary task to do which requires proper planning and organizing. The movers associated with imoving.com explain that there are certain things that can vary the moving cost such as the volume of the stuff, the distance needed to be covered, transportation cost, expenses because of the corona, and much more. These are the things that decide the entire cost of moving. 

Check out the different costs you have to pay in 2021!!!

Cost of hiring a mover: You will need to hire a moving company to shift from one place to another place and in 2021, the amount you will need for hiring a mover is about $1,381 on average. This cost is calculated based on different factors, such as weight or volume of all belongings of the customer, size of the house, traveling distance, the experience of movers, etc.

Usually, local movers charge an average of $38 per hour per worker. Some movers charge extra costs for trucks or other equipment used to carry the stuff out from the house. Depending on your specific move type and the services you want to have increased or decreased the charges incurred by the movers. 

Cost of packing the stuff: Generally the cost charged by a moving company for packing your stuff is dependent on the size as well as the number of all your belongings. In 2021, the cost of providing packing services is estimated on an average of about $1,000. The cost of packing services provided by the mover includes the cost of packing materials and the machines used to pack the stuff. Additional charges are charged for other tasks, such as loading, unloading, or unpacking of the items. 

Cost of shipping a vehicle or other heavy stuff: If you are planning to move in 2021, then the amount you will need to spend for moving a vehicle or any other heavy and delicate stuff lies between $400 to $2,000. The cost varies according to the size and weight of the item and what method of shipping you choose to transit the vehicle. 

Price of renting a moving truck: The rent that is charged from the customers by a moving company is charged based on its size. Generally, moving companies prefer to own trucks of standard size, which now in the present year can cost you between $50 and $2,000 to rent. If you want to rent a larger truck then it will cost you an additional amount.

Also, the rent of the truck depends upon the distance that is to be traveled to carry the belongings and delivering the same at the destination. Usually, people choose to get the moving truck on rental when they choose to move on their own. 

Insurance of belongings: Most moving companies offer an insurance policy to cover the amount of damage if occurred to any item when in transit. Movers usually provide realized coverage plan which covers 60 percent of the value of the item that is damaged.

And if you want to reimburse the full value of your damaged items, then the additional cost is charged by the moving company. Therefore, you will need few extra bucks in 2021 to procure an insurance policy while moving. Depending on the insurance type you choose, you can easily get peace of mind. 

Charges of hiring an estate agent: When you decide to relocate to another place, you will need to hire an estate agent to look for different housing options according to your requirements. And the amount you will need to pay the agent in 2021 is estimated at $3,000. This amount varies with the moving distance, location of relocation, and services provided by an estate agent. The cost could be a little bit higher or lower than $3,000. 

Fee for stamp duty: To shift to a new place, if one plans to buy their property rather than having a property on rent, then he or she will have to pay some amount as stamp duty to the registrar who officially registers a particular name as an owner of the property. In 2021, the rate of stamp duty is calculated based on the value of the property that is being purchased.

Additional moving costs that you might need to pay 

  • Storage: If you fall short in space then getting storage space is an ideal option but you have to pay extra for it. 
  • Security: You also need to think about the security of your new home. Depending on the security you want, you have to pay an amount of fee. 

Apart from these, you need to pay the additional cost because of corona such as for the sanitizers, masks and so on. Contact-free movers tend to be more expensive so don’t forget to consider this. So, plan your moving process with these moving cost related aspects and enjoy a hassle-free and safe move.



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