Paying for Moving and Relocating Costs

There are few things as exciting as moving, especially when you are moving or relocating a significant distance. This occasion marks a shift in your life, because whether it’s for personal reasons or work reasons, you are welcoming new opportunities in a new location.

The costs of moving and relocating, however, may surprise you. In this sense, you should be prepared and you may want to consider registering for an online personal loan as a way of having additional financing for these costs.

The American Moving & Storage Association estimates that the average cost of an intrastate move (that is, moving within the boundaries of a state) is $1,170, while the average cost between states is $5,630. So, while you are essentially uprooting your life, you may forget about costs associated with moving.

This depends largely on individual options, such as moving by yourself versus hiring movers, the size of your house and how heavy your load will be, as well as the amount of distance for the move.

Truck

This is an absolute necessity, as you will need a way for moving your belongings. This price will vary, depending on the size of the truck that you require. There are numerous sizes of trucks that you will have an option to choose from, which depends on the size of your home or workplace. In addition, you may want to include insurance, which covers liability, as well as additional resources such as dolly rentals and trailer hitches.

Fuel

The cost of fuel isn’t included in the truck rental, though the rental company may present you with options for purchasing fuel in advance. The average truck rental runs between 7 and 10 miles per gallon based on the size of the trunk. The cost of fuel will depend on your distance, but this cost will definitely balloon depending on how far your new location is.

Movers

This may definitely vary, however, it’s estimated that the average cost for hiring four experienced movers is approximately $150-$170 per hour. The costs for hiring movers will depend on how many hours you will need your movers. If your belongings are already packed and your movers are simply loading them in and assisting with the move, your costs will be significantly lower versus if the movers themselves actually packed your belongings. In any case, this is a significant amount of money and an essential one because you will undoubtedly need movers.

Conclusion

In many cases, moving is mandatory — say, for a new job or for family reasons — and may often be unexpected. The costs of moving will largely depend on how far you are relocating, but even when you consider the average costs of moving, you will still require a significant amount of financing. The benefit of using an online personal loan for covering costs of moving and relocating is that it’ll cover your immediate costs, while you hold onto your hard-earned money for more important things that may arise during your move.

In essence, an online personal loan is very flexible and the funds can be used for a variety of reasons. They can be registered for online, so you can receive financing in a short amount of time.

Please use personal loans responsibly. These loans shouldn’t be used for paying regular bills.

Citations: 

U.S. News: http://money.usnews.com/money/personal-finance/articles/2014/04/30/the-hidden-costs-of-moving

MyMovingReviews: http://www.mymovingreviews.com/move/average-moving-cost

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