Buying a house and moving in is gonna cost you. There's no way around it. Right? Well, actually, there may just be a way to make it not quite so painful. A willingness to negotiate and put in a little work plus a little inside info on special deals you can take advantage of can help you cut some costs. Here are eight ways to save money on your move and move in.
1. Don't take it all with you
Furniture you're no longer in love with or appliances like washers and dryers or the fridge you have in the garage can be a pain to move. You can potentially save money (and time and hassle) by including them in your home sale. First-time buyers or someone moving from out of state may appreciate your old stuff far more than you, and you don't have to pay to haul it to your next place.
2. Leave the flat screen
If you have a mounted flat screen TV that's at least a few years old, consider leaving it behind too. The cost of taking it down and repairing the wall behind it plus the care involved in moving it might not be worth it. Flat-screen technology is always improving while costs are coming down, so it's a good excuse to buy something bigger and better without spending a lot.
3. Negotiate everything
If you've been looking for a house or have bought one before, you're probably already aware of closing costs. But you might not be aware of how much you can negotiate with your lender.
"Shop around before choosing a mortgage lender, but don't stop there," said Bankrate. "When you receive your Loan Estimate the negotiation hasn't ended." This itemized list of estimated closing costs includes lender's fees as well as items such as appraisal charges and title insurance premiums.
"The lender or broker charges some fees, and third parties charge others. The first step is to find out which are loan origination fees and which are third-party fees. Don't guess. Ask the lender or broker."
Bankrate advises that while "some items are non-negotiable: taxes, city and county stamps, recording fees, prorated interest and reserves," negotiating on others that can "be waived or reduced" can save you money."
4. Barter for services
Need a handyman and have appliances or furniture you're getting rid of? You just might be able to make a deal. Ask around for referrals and then introduce a barter system into the equation during your first conversation. You might be surprised what you can get for what you've already got.
5. Move Smart
Once you're out of college, or maybe out of your first post-college apartment, thinking about renting a U-Haul and moving yourself (or with a few good friends) seems less than desirable. But if you're willing to sweat a little (ok, a lot) you can save a bundle. Just remember two important things to entice and thank your friends: Pizza. And beer.
If you don't want to do the whole thing on your own, think of ways you can save by doing a hybrid move:
- Do the packing and unpacking yourself
- Have everything on one floor. Stairs can add considerably to the cost of a move.
- Pare down. Maybe you don't need to bring all that stuff with you. Selling it will earn you a few bucks and save you a few more.
6. Consider moving and storage hybrid options
A company like PODS or U-Pack might be a solution for you if you need self storage wrapped into your move. Essentially, the company drops off a mobile storage unit at your house and you pack it up yourself. They then pick it up and move it for you. You can tack on storage at the end if needed, making this a particularly good solution for those who have time between their move out and their move in. This type of move can cost up to 35 percent less than traditional movers, but keep in mind you will be doing the labor - just not the driving.
7. Take advantage of special offers
Move-in offers for cable, Internet, and phone service can save you a lot of money. But they often come with a catch that could cost you down the line. Look out for special limited-time offers - one-year or six-month specials that expire, leaving you with much higher rates after the introductory period.
8. Don't rush the renos
Chances are, after you move in, you're going to start receiving all kinds of junk mail asking if you want to refi, redo your lawn, and apply for 72 different credit cards. In what seems like an endless pile of junk mail will be some special offers for new homebuyers, but they might not arrive for a month or more. Look out for coupons from handymen, companies selling flooring and window coverings, home furnishing companies like Bed Bath and Beyond and World Market, and offers from landscapers with discounts for new clients. If you're planning to shop, renovate, or do some work on your interior or exterior, taking advantage of a few of these offers can help shave down the cost.
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