Moving home on a budget

How often are Australians moving home? According to the 2007-08 Survey of Income and Housing by the Australian Bureau of Statistics, 27% of Australians have lived in their current home for more than 15 years. 30% have lived in their current home for 5 to 14 years, and 43% of Australians have moved in the past five years.1

Since close to 50% of the population has moved in the past several years, it's no wonder that Australians are on the hunt for more affordable moving options.

Buying and selling a home can be expensive in itself, but when you factor in the cost of relocation, it could cost thousands of dollars more than anticipated.

Still, moving home on a budget is possible and is often the best option if you hope to save money during your relocation. By using the following tips for moving home on a budget, moving house doesn't have to be quite so costly:

  1. Donate unwanted items. This may seem like a small step to take when moving house, but donating items that you no longer need will lighten your load significantly.

    When you have less to move, then you will pay less for a truck and the time spent hiring a professional moving service. Even better, when you donate larger items to charity, you can save the receipt for a tax deduction at the end of the year.
  2. Sell excess items. One way to make money when moving house is to sell your furnishings to a consignment shop instead of donating. This is an excellent way to earn money on old furniture that can be put toward your moving budget.
  3. Know how much you are moving. When you know exactly how many boxes and pieces of furniture that you have to move, you can hire the right size truck to carry your load.

    This is part of being organised when moving home and will prevent you from paying more for a truck that is too big because you didn't plan ahead.
  4. Gather packing supplies in advance. If you start planning early, you can avoid paying top dollar for packing supplies from a professional moving company. Check with grocers, liquor stores, or retail stores in your area to request old boxes that have been thrown out.

    If you plan ahead as you move home, you should never have to pay for boxes - just one less unnecessary expense to factor into your moving budget.
  5. Move in the middle of the month. When you move house, timing is everything. Moving at an off time, like the middle of the month or mid-week, is normally less expensive than moving at month's end when the majority of leases tend to be up.

 

Top moving tip

Pack your valuables in butcher paper instead of bubble wrap. It will protect your fragile items effectively and will be significantly cheaper.

 

Sources

  1. "4102.0 - Australian Social Trends, Dec 2010." Australian Bureau of Statistics. N.p., 14 Dec. 2010. Web. 9 Aug. 2011.

 

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