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Four Ways A New Home Could Cost You

Posted on January 3, 2014January 4, 2014 by Cornelius Nunev

Moving could be an expensive task that must be budgeted for cautiously. When you are moving, there are several expenditures you may encounter with a brand new rental that you might not have thought of.

Talk about electric and fuel bill

You should determine what your heating and cooling costs are going to be before you move in and before signing a contract if possible. You can end up with a $600 bill linked to heating expenses if it is not clearly stated who is accountable for it as part of your lease. You should determine how the apartment is heated and about how much that costs per month typically.

Do not overlook about parking

One thing that a lot of people do not even think about is parking. People assume that part of renting is having a parking spot. This is not the case for most cities with lots of people in it or areas where parking is scarce. You could have 1 parking spot in an apartment parking lot or a driveway if you are at a house, but you may end up having to just pay for parking.

Spots for stuff

If you will be sharing your new space or moving into a smaller place, then it is very likely you won’t have enough space for all your stuff. If you find yourself unable to downsize, sell or give away excess stuff, then you will have to possibly pay for storage. Many apartment buildings will charge additional for an attached storage space, so be sure that the availability of that room is also spelled out in the lease. Even if you do plan on downsizing, you could need to store your stuff for a month or two while you are in the process of moving.

Get rid of waste

Some cities or states charge various rates for trash and recycling service. Renting a house means you may be accountable for the cost of trash removal, and some apartment buildings charge separately for trash and recycling removal. Ask about these costs, and make sure they are spelled out clearly in the lease before you sign on the dotted line. If your landlord does not cover waste removal expenses, you will have to either pay for the city service on your own or make an arrangement with another tenant.

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