Moving to another state can be very exciting. However, it can also be expensive if you don't plan and budget carefully. Here are two things you can do to reduce the cost of your long-distance move.
Carefully Weigh Move vs. Replace Options
Local movers typically charge by the hour, but long-distance movers charge by the pound. Therefore, it's in your best interest to get rid of as much unnecessary stuff as possible, so you're only paying to move items you actually want and need. At the same time, though, it's important to be smart about the things you discard, because it may be more expensive to replace them than to move them.
For instance, some movers charge $0.50 per pound. Refrigerators can weigh up to 350 pounds, so it could cost up to $175 to move it. However, new refrigerators can cost $350 on the low end and up to $2,100 at the high end. Unless you actually need a new fridge, it's probably best to just take the appliance with you.
Contact the moving company for information about how much they charge per pound, then do some comparisons to help you decide what to keep and what to eliminate.
Take Advantage of Tax Deductions
If you're moving for work, some or all the costs involved in your move may be tax deductible. This includes the truck rental, driver's cost, and even storage fees in some instances. While this doesn't provide an immediate savings, it may result in you paying a lower amount of taxes when the IRS comes around or even getting a refund.
To qualify for the deduction, your new job must be a minimum of 50 miles farther away from your old home plus the distance between your old job and your former home. For example, if your old job was 10 miles away from your previous house, your new job must be located at least 60 miles away from your last home.
Additionally, you must work full time for at least 39 weeks of the first year. While you can deduct the amount before you know if you actually qualify for it, be aware that you'll have to amend your tax returns if it turns out you don't. Therefore, it's best to wait until you're sure you meet the requirements.
There are many other things you can do save money on long distance moving. Contact a moving company in your area, such as Affordable Transfer Co Inc., for more tips or to schedule a time to move your home.Share