Do You Need to Create a Relocation Budget?

by Michael Hamrac, MBA, MRP, GRI 04/23/2019

A relocation budget is a must-have for those who recently bought or sold a house. If you have a relocation budget at your disposal, you should have no trouble getting ready for moving day.

Ultimately, there are several factors that you need to consider to craft an effective relocation budget. These factors include:

1. Packing Supplies

Moving boxes, packing tape and other packing supplies may prove to be expensive. If you budget for these costs today, you can ensure you have the funds available to cover these expenses before moving day arrives.

Keep in mind that you may be able to pick up unwanted cardboard boxes from grocery stores, too. By doing so, you can get boxes you can use for moving day and reduce your relocation expenses.

2. Personal Belongings

Think about the personal belongings you will need to bring to your new address. That way, you can make the necessary accommodations to guarantee these items can safely make it from Point A to Point B.

If you need to hire a moving company to help you transport your personal belongings to your new home, you should shop around. This will allow you to find a moving company that offers the perfect combination of affordability and convenience.

Furthermore, if you have various belongings you no longer need, you may want to get rid of these items before you move. You can always donate unwanted items to a local charity or give them to family members or friends. Or, you can sell unwanted items online or host a yard sale.

3. Your Relocation Timeline

You may have only a limited amount of time to relocate from one address to another. If you put together a relocation timeline, you can examine the steps you will need to take to complete a successful move. Then, you can incorporate these steps into your moving plan and budget accordingly.

Of course, for those who need to relocate quickly but lack substantial moving day funds, you may want to reach out to family members and friends for assistance. Remember, your loved ones are available to help you in any way they can. If you contact family members and friends for assistance prior to moving day, you may receive lots of help with your move.

If you want an extra hand with moving day preparations and budgeting, you may want to consult with a real estate agent as well. In addition to helping you buy or sell a house, a real estate agent is happy to provide tips to ensure you can seamlessly relocate to a new address.

Oftentimes, a real estate agent can put you in touch with the top moving companies in your area. On the other hand, if you have concerns or questions leading up to a house closing, a real estate agent is ready to address them.

Want to take the guesswork out of an upcoming move? Consider the aforementioned factors, and you can budget for moving day and boost the likelihood of enjoying a successful relocation.

About the Author
Author

Michael Hamrac, MBA, MRP, GRI

Michael Hamrac, MBA, CMR, MRP, GRI, Army Veteran, is a prominent Tampa REALTOR® and strategic leader who combines his skills of real estate with a diversified business background to deliver the highest level of client satisfaction. Prior to full time real estate sales, Michael sharpened his skill for contract negotiation while developing international business relationships for a major Central Florida healthcare organization. His professional career was dedicated to negotiating strategic business affiliations with major hospitals, physician groups, and health insurance companies throughout Europe, the Middle East, South America, Mexico and the Caribbean. Michael also developed and managed private real estate investments.

A seasoned real estate professional with over 12 years experience, Michael is results oriented, efficient, and quality focused while ensuring customer service remains a top priority. Michael, among many accomplishments, is an Orlando Business Journal Top 40 Under 40 award winner, Keller Williams Silver Award winner, and AmeriVet Top Producer.

Grounded with the core values obtained during his military service, Michael works hard to create a positive environment that fosters teamwork and organizational achievement. As an MRP, Military Relocation Professional, and former Army Infantry Squad Leader, Michael understands military relocation procedures and how they impact our service member's and veteran's relocation and housing choices. He will help in finding the housing solutions that best suit service member needs while facilitating awareness of available VA benefits and support.

Education:

MBA, Crummer Graduate School of Business, Rollins College, Winter Park, Florida

BS, University of South Alabama, Mobile, Alabama

CMR, Certified Military Relocator

MRP, Military Relocation Professional Certification, Tampa, Florida

GRI, Graduate Realtor Institute, Tampa, Florida

Expertise:

Home and Property Listing Services, Existing Home Sales, New Construction Home Sales, Income Properties, Luxury Home Sales, Military Relocation Professional, Short Sales, Condos, Townhomes, Vacant Land, and Foreclosures. 

Professional Associations:

National Association of Realtors

Florida Association of Realtors

Greater Tampa Association of Realtors