Thursday, January 9, 2014
After going through the hurdle of acquiring a new house, the next step is moving to your new home. While this may be an exciting new experience, there are some hidden costs to settling down and establishing roots in your new abode.
Read on to discover some of the financial expenses you may have to face in the process.
Moving homes will also inevitably involve moving your personal belongings, furniture and other bulky items. This task is next to impossible to do alone, so you may need to hire a truck and enlist some extra help to move.
Living in a larger home may require more electricity and water expenses. Particularly if you move from a condo to a single-detached house with a garden, a driveway and generally bigger space, your water bill may balloon from having to water the plants, clean your driveway and the house itself. A bigger house will also have more lighting and perhaps appliances, thus directly affecting your electric bill.
Home association dues
If you moved to a home in a subdivision or in a condominium unit, there are usually monthly dues to be paid to the homeowners’ association. Typically, the fee covers the upkeep and maintenance of the homeowners’ common areas and the salary of security and cleaning personnel.
Moving to a new home also means you have a new space, with a different size and shape from your old home’s. Your existing furniture may be too large, too small or simply awkward to fit into the new space. New furniture may need to be acquired. Moving into a new home is also tempting for a home makeover, or at least adding some new accessories. This will also be an added cost.
Repairs and maintenance
Routine maintenance and repairs is a necessary expense for every home. However, if you’re moving into an old house, you should have a professional check the plumbing, electricity and the general safety of the home. You may find some repairs that need to be made before you move in. - Aislinn Kee