How to Make Your Dreams of Moving Out a Smooth Process
If you’re reading this blog, you may feel that moving is over-complicated or far from your dreams, but you are not alone. Maybe you’re leaving the nest and moving to a new city, moving into your first home or perhaps you need something new. Either way, it’s both an exciting and overwhelming time. But with the right advice, guidance and mindset, you’ll find that it’s more than achievable.
In this guide, you’ll find 10 crucial tips that will help you to make your dreams of moving out a reality. This will guide you through each step of the process to make your transition as smooth and stress-free as possible. So, let’s get started on this journey together and get you moved out swiftly.
1. State your Goals
We all have different reasons for moving out. It could be to seek independence and a space to call your own, for a career advancement, or even just for a fresh start in a new location or city. Whatever your purpose maybe, it is important that you outline your goal for moving out because it may also influence where you choose to move, the type of housing you search for, and how you approach budgeting.
2. Set a Budget
Once you’ve established your goal, it’s time to tackle the financial aspect of moving out. Having a clear budget in place will not only make your easier to find the right property for you but also provide financial peace of mind as you make your dreams of moving out a reality. Here’s a list of things you should put into consideration when setting a budget:
Expenses
Make a comprehensive list of all potential expenses associated with your move. This could include:
- Rent or mortgage payments
- Utility bills (electricity, water, gas, internet, etc.)
- Groceries
- Transportation (car payments, public transit, or fuel)
- Moving Costs (movers, packing supplies, truck rental)
- Security Deposits
- Insurance (renter’s or homeowner’s insurance)
- Furniture and Household Items
- Unexpected Expenses
- And any other costs you may acquire during the process of moving out.
Planning your expenses ahead of time will make your dreams of moving out a lot smoother.
Save For an Emergency Fund:
You should always expect the unexpected and do your best to put money aside for an emergency fund before you move out. This fund can help you navigate all the potential financial challenges that may arise during the transition or even after. This way, you won’t have to panic when you need to spend more than expected or face a rainy day. Make sure you’re generous with the amount that you decide to set aside for extra precaution.
Track Your Outgoings:
Once you’ve moved out, we recommend that you continue to track your expenses diligently. There are various budgeting apps and tools available for free that can help you stay on top of your finances. Choose one that best aligns with your personal financial goals and preferences. Regardless of the tool you use, the key is to consistently input your expenses and maintain a clear understanding of your financial situation.
3. Research Different Locations
Now that you’ve set a budget, it’s time to research various locations in the area you wish to move to. You may have an idea of the home you’d like to live in but it’s important to be realistic and find an ideal place that will complement your daily life. For example, public transportation for your work commute, healthcare centers and nearby facilities such as grocery stores or gyms. Research the local area thoroughly and spend some time there before deciding.
4. Visit Open Homes
The last thing you’ll want to do is put a deposit down on a place that you haven’t seen. Although many properties and agents offer virtual tours for renters, it’ll always be in your best interest to physically check out your new home. Be open minded and look for hidden gems, you never know what will turn up! If you’re not sure where to start, talk to one of our agents about visiting homes that are available to buy or let in your preferred area.
5. Make an Offer
You’ve been searching online, visiting open homes and coordinating your calendar with an agent. Now that you’ve finally found a place that you love, you’ll need to make an offer. Depending on whether you are buying or renting, how fast a contract can be devised and when you are able to put a deposit down will determine how quickly you can move in. You’ll want to gather any required legal documents, the right amount of funds and a lawyer to look over the contract, especially if you’re buying a property. Get all your ducks in a row because now your journey truly begins!
6. Notify Everyone Involved
Congratulations – you’ve made an offer, and the place is yours! In Ontario, usually a 30-days’ notice will suffice but, in some cases, the notice period can be extended or shortened. Don’t forget to give your notice to your landlord, parents or whomever you live with as you should still honour any pre-existing contracts.
7. Set Up Utilities in Advance
When you acquire your new home, whether renting or buying, you’ll be made aware of the bills you will be responsible for paying.
Contact the service provider of your existing bills to update them on the move so that you aren’t left responsible for new bills such as electricity, water and heat. You can request a final bill, if necessary, to cover any usage up to your move-out date and provide a forwarding address for refunds, deposits or final bills. Some bills like Wi-Fi may be transferred to your new address whereas others may need to be cancelled altogether. Make sure you settle anything outstanding and keep record of your new tariffs.
When transferring or cancelling your bills, be mindful that some service providers may request documentation to confirm your identity and place of new residence. This can include a copy of the lease agreement or a letter from your landlord confirming your tenancy. Once you have confirmed the transfer of your bills, you will need to update your payment method where you should be able to opt for automatic payments for simplified payments.
8. Declutter and Clean
Offers made, deposits paid. What’s next? It’s time to get packing! But before you start packing, take some time to declutter your existing space. Get rid of stuff that you no longer need; donate or sell your old items that are still in good condition and throw away anything that is no longer needed. It’s time to make your dreams of moving out come to life.
9. Plan a Packing Strategy
Gather all of your pals, family and pets to help you with packing your personal possessions. Or hire professional movers that can get you packed and out of the door in just a few hours. When it comes to packing, organization is everything. Start with creating a list of the items you need and continue to throw out anything that’s no longer useful.
Make sure you have plenty of boxes, tape, and packing materials on deck because you might find that you have a lot more than you realized. Begin packing non-essential items first, and work towards items you use daily. Label each box with its contents and the room it belongs in; this will make it easier to unpack once you arrive at your new home. By taking the time to prepare and organize, your moving woes will turn into moving wows.
10. Inspect your New home
You’re now ready to officially move in. As a renter, the first thing you should do is inspect the home, take any pictures of existing damages and immediately send them to your agent. Keep record of any damaged items so that you are not liable when it comes to moving out. Failure to do so can result in the loss of your deposit.
For those who have purchased a new property, the inspection is usually completed right after the offer has been accepted and before you move in. This allows for smooth negotiations between all parties during the contingency period where sellers can address such issues or deliberate a lower price point.
Bottom Line
Moving out doesn’t have to be complicated. You can make your dreams of moving out a smooth and successful process with careful organization and planning. By setting a budget, researching a location, setting up your bills in advance and planning a packing strategy, you’ll be moved out in good time.
Although moving out is a little scary, it’s also a door of opportunity where you can create new memories and grow in your personal experiences. As you embark on this exciting journey, remember that preparation and thoughtful decision-making will pave the way for a successful move and a fulfilling new chapter in your life. We wish you the best of luck!
Talk to one of our agents to get you started.