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Monday, 11 November 2013

Four Ways A New Home Could Cost You

By Cornelius Nunev


Regardless how you do it, moving could be expensive. There are several expenses that a lot of people don't even realize they might need to pay when they move.

Talk about electric and fuel bill

You need to always check with your new landlord about the heating and cooling costs of the brand new space. Some houses and apartments are heated using oil, natural gasoline, or hot-water heating that is not directly tied to the electricity system. Make sure the lease clearly spells out who is responsible for paying the expenses associated with heating and/or cooling the home. In case you are not careful, you may find yourself stuck with a $600 bill to refill the heating oil tank in the middle of winter.

Do not forget about parking

One thing that most 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 could end up having to just pay for parking.

Storage

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

Get rid of waste

You might be responsible for city or state charges for trash and recycling if it is not already covered when you are renting. Most apartments contain these bills, but a lot of houses will not. Make sure you check your lease to see what you are responsible for, and make sure you pay for the city service if you need to. Sometimes you can make arrangements with other tenants in case you are in an apartment complex to get your garbage taken together.




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