Buying a new home is one of the biggest investments you’ll make in your life — and in addition to the home’s price, there are moving costs that you may not be aware of.
Here are some additional moving costs to consider when planning your budget:
The largest expenses associated with moving are around the transaction itself. This includes a wide range of costs, including:
Before you set out a budget for the home you can afford, make sure to keep these costs in mind.
Before you move into your new home, you’ll likely need to spend some money getting the utilities set up. This is especially important to keep in mind for first-time home buyers. If this is your first home, the utility companies may require that you put down a deposit on utilities such as gas, hydro, internet and other utilities you’ll want to help you live comfortably.
Perhaps the most overlooked expense when moving into a new house is the cost of items that you’ll need to purchase to make your house a home. This can include new furnishings that fit your space, rugs and accents, kitchen accessories and anything else which will make your space feel more personal.
You may also want to consider coverings for your windows, which can sometimes mean purchasing custom blinds or curtains, and the carpet may need to be shampooed. Other little things around the house may need to be fixed and upgraded as well, or you may wish to put a fresh coat of paint on the walls.
And don’t forget to budget for the cost of a pizza on the move-in day!
At Lifestyle Real Estate, our team of local experts can help you with everything you need to know about buying or selling a home. Give us a call today.