American Eagle Realty's Blog
A lot changes when you move into a new home. For the first few weeks you’ll most likely be focused on getting everything arranged and put away in their proper locations. You’ll be adjusting to your new work commute, meeting the neighbors, finding out where to shop, and so on.
It’s easy to forget about updating your budget during the first couple of months in your new home. However, if you want to be mindful of your spending and gauge the true cost of living in your new home, it’s essential to start tracking expenses and creating your budget as soon as possible.
In this article, we’re going to show you how to make a new budget for your new home so that you can start accurately planning your long term finances. That way, you and your family can rest assured that you aren’t living above your means in your new home and can stop stressing about spending.
Cost of living changes
When most of us move we think about the change of our mortgage payments, property taxes, and home insurance. However, there are several smaller changes that will occur in your day-to-day spending habits that you might not think to update in your budget.
First off, make a note of how much you’re spending on transportation (whether it’s train fare or gas for your car) in your new home and adjust this on your budget. This is hard to predict before you move since you can’t be sure of the traffic patterns until your first trip to the office.
Next, make a list of your monthly services, including utilities. We’re talking about internet, cable, trash and recycling, heating and electricity, and so on. At the end of the first month, add each of those to your budget and decide if you want to spend less on any of them.
One surprise expense that many people have when they move is the cost of internet. Your old plan at your former residence might not cut it if you move to an area with different coverage.
Furnishing your new home
Even if you’re moving with most of your furniture and appliances, there will likely still be expenses that you’ll need to plan for in your new home.
It might be tempting to make all of these purchases at once so that you can feel like your move is “complete.” However, the best course of action is to include these items into your monthly budget so that you are prepared for emergency expenses.
Decide which items you need the most in your new home, and prioritize purchasing those on the first month. You’ll likely realize after just the first couple of nights in your new house which items you need now and which can wait.
Budgeting apps and tools
Everyone has their own preferred method of record-keeping. Some people keep their budget in a notebook or planner, whereas others like to use an app that they can access on their phone or laptop.
There are dedicated budgeting apps and web applications that link to your bank account and tell you how much left you can spend that month and if there is an issue with your budget. Several such apps are available for free in both Android and Apple app stores.
For a simpler budget, you can simply use the spreadsheet application of your choice (Excel, Numbers, and Google Sheets are all sufficient).
Regardless of what tool you use, make sure you check in on your budget frequently to ensure you’re sticking to it and making adjustments as needed.
If you recently sold your home and plan to relocate to a new address, you may need to pack up your personal belongings. And in some instances, there may be items that you can sell before moving day arrives. These include:
Although your couch, sofa, loveseat and other furniture may have served you well for many years, there is no guarantee that they will fit in your new residence. Furthermore, even if your current furniture fits perfectly in your new house, there may be a risk that it won't complement your new home's décor.
If you have furniture that you don't want to bring to your new home, there is no need to worry. You can always list furniture online or host a yard sale prior to moving day. Or, you may want to donate your furniture to a local charity.
A refrigerator, washer, dryer and other home appliances can be large and heavy. Therefore, it sometimes may be beneficial to purchase new appliances when you arrive at your new residence rather than allocate time and energy to transport your existing appliances to your new address.
For those who want to get rid of large appliances before an upcoming move, lots of options are available. In addition to selling or donating your current appliances, you can offer your appliances to the individual who is buying your residence. Also, if you face a time crunch, you can provide your appliances free of charge to the person who is buying your home.
3. Home Decorations
Various decorations may have looked great in your current residence. But if you want to give your new home a fresh look and feel, you may want to sell your current decorations prior to moving day.
Generally, there is no shortage of online buyers or yard sale shoppers who may be willing to purchase your home decorations. You can donate your home decorations to a local charity or give them to family members, friends or other loved ones as well.
As you get ready for an upcoming move, you may have a lot of work ahead. Fortunately, moving companies are available that can help you streamline the moving process.
A moving company employs courteous, knowledgeable moving professionals who are happy to assist you in any way they can. These moving professionals can provide recommendations and tips to help you prepare for moving day. And if you have moving day concerns or questions, moving day professionals are ready to address them.
Lastly, if you need to sell your home so you can quickly move from one address to another, you may want to employ an expert real estate agent. With a real estate agent at your side, you can receive plenty of help during the property selling cycle. Best of all, a real estate agent will make it easy for you to sell your residence, get ready for moving day and ensure you can seamlessly relocate to any location, at any time.
Moving boxes can serve too much like furniture for too long. It's enough work to pack up a three, four or five bedroom house. There are drinking glasses to wrap in tissue paper or protective newspaper. Lamps need to be covered in thick material, the type of material that offers as much padding as a winter quilt.
Here's how you can unpack a full house in one day
Special care has to be given to computers, laptops, microwaves and televisions, all household items that have one or more glass pieces in them. Unless you plan on loading and unloading a moving truck solo, you have to build a team of movers or pay for professional moving services.
Regardless of how much planning and organizing you do, things pop up when you move. One of your scheduled movers receives another requests and calls to tell you that he can't help you move after all. The moving van arrives to your house late. It may save you money, but it throws your other moving plans off track.
If it keeps up, you might grow tired. All you may want to do is get your moving boxes inside your new home. If you're not careful, you could end up living around dozens of moving boxes for months. Avoid this ongoing nuisance by:
- Sell furniture and decorations that you know you are not going to use before you start to move.
- Load and unload boxes on the moving truck by categories. For example, unload dishes together. Unload clothes together.
- Unload heavy furniture like sofas and chairs first.
- Assign one to two people to actually unpack boxes while two other people unload boxes.
- Let someone else wash out sinks and wipe down shelves.
- Focus on unpacking. You can go back later and re-position picture frames, floral centerpieces and other items.
- Unpack living room and kitchen items last. This will motivate you to unpack bedrooms and other rooms that you might otherwise think it's not important to unpack for several days later.
- Start loading and unloading the moving truck early in the morning, around the same time that you leave home for work.
- Hire professional movers to un-box and set up your belongings.
Putting off unpacking moving boxes has consequences
Loads of planning won't get your moving boxes unpacked. It takes commitment. Motivation also helps. For motivation, remind yourself of how awkward you feel when company visits and has to climb over rows of moving boxes just to reach the sofa or a chair.
Thinking about how clothes and decorative pieces could start to smell, become discolored or bend the longer they stay packed in moving boxes, is also a good motive to unpack in one day. Another motive to unpack in one day is the fact that the longer you delay unpacking, the more comfortable you could become with living with rows of moving boxes, robbing yourself of the chance to enjoy clothes,dishes and other valuables.