Lower Your Moving Costs

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Lower Your Moving Costs
Moving can be a nuisance, not to mention a pricey expense. Fortunately, there are ways to lower your relocation costs. Here are a few tips to go by.

One great way to save is to time your move right. While the weekend may be convenient for you, it's also peak time for movers, so expect to be charged more on these days.

Also avoid the beginning and end of the month, since rates go up as leases turn over during this time. Instead, try to schedule your move on a Tuesday or Wednesday in the middle of the month -- it can potentially save you hundreds.

Shaving as much time off your move is also a key way to cut costs, especially if your movers charge hourly. For furniture and other items that are too big to box, use brightly colored stickers or tape to mark which items need to be moved. This way, you won't waste time fielding questions from your movers. You can even color-code the stickers to indicate where the pieces should go in your new place.

Lastly, if you're relocating due to a change in employment, always save your moving receipts. In many cases, your expenses may be tax deductible, even if you don't itemize. For more info, check with your tax consultant. Happy moving!


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Lower Your Moving Costs -- Savings Experiment
Can't afford to buy or borrow? These 20 metropolitan areas -- all with populations greater than 1 million -- are bucking the trend of fast-rising rental rates.

Sources: Global Real Analytics, rental data; U.S. Census Bureau, population and income. Average rent is for 1,000 sq.-ft. apartment. Population data based on 2005 estimates. Median income is for past 12 months by 2005 inflation-adjusted dollars.

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Population: 1,156,812
Average household income: $22,924
Average rent for class A apartments: $723
Average rent for class B apartments: $612
One-year change in class A apartment rent: +6.1%

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Population: 1,090,126
Average household income: $23,315
Average rent for class A apartments: $738
Average rent for class B apartments: $606
One-year change in class A apartment rent: +4.9%

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Population: 1,260,905
Average household income: $23,178
Average rent for class A apartments: $761
Average rent for class B apartments: $618
One-year change in class A apartment rent: +4.6%

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Population: 1,640,591
Average household income: $27,131
Average rent for class A apartments: $763
Average rent for class B apartments: $588
One-year change in class A apartment rent: +3.6%

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Population: 1,708,625
Average household income: $27,321
Average rent for class A apartments: $769
Average rent for class B apartments: $611
One-year change in class A apartment rent: +3.2%

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