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There are also moving costs to consider.
According to research from Realtor.com, movers spent around $17,000 on average when setting up their new homes.
How Does This $17K Break Down?
What surprises people most isnt the cost of buying or renting the place its what comes after.
Kuliev noted that for a three-bedroom home, long-distance moves over 1,000 miles can easily hit $6,300.
You may even have to spend money on temporary housing or travel meals when youre moving.
How Can You Budget for This Expense?
Here are different ways to help you budget and prepare financially for your move.
He suggested creating a separate budget by setting aside money six months before purchasing a home for the move.
ensure you consider smaller fees, such as elevator costs and rush bookings.
Kuliev recommended a hybrid approach, where you pack and unpack yourself but hire professionals for loading and transport.
you’re free to spread this expense out over months as you settle into your new place.
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