Once you’ve found the house you want and closed the deal, you’re now ready to face the job of moving. For many home buyers, this is the biggest job of all. Whether you are moving immediately or have the luxury of proceeding slowly, preparation is essential.
Making a plan. . .
Spending the time making a moving plan will be one of the most beneficial things you do. If you are moving a considerable distance across state, county or even another city, you would be wise to begin your plan immediately. By developing an outline of moving costs, making a moving checklist (for an example, click here) and investigating moving companies, you will have made a solid start towards eliminating many of the surprises and hassles a residential move can bring.
Costs, insurance, packing & income tax…
One of the greatest surprises to first and even second-time buyers is the variety of costs associated with a move. They can include everything from packing materials and phone/cable/utility hookups to professional movers and the insuring of your valuables. When selecting a mover, begin the process by calling at least two and request, a no obligation, free written estimate.
You can expect professional movers to come to your home, discuss your move in detail and provide many recent referrals. Check out their referrals and have them provide proof of some level of insurance for your move. Three of the most common forms are basic liability, declared value protection or actual cash value and replacement value coverage. You may need to buy more. If you intend to save money, you can do some or all of the packing yourself. For this, you’ll need boxes and other packing materials. Finally, many of your moving expenses may qualify as income tax deductions. If your move is closely related to a job transfer or a new job at least 50 miles from your old home, you will be eligible to deduct expenses. See a local tax preparer for details.