Moving can be an exciting time, especially if you’re leaving the nest for the first time. The idea of gaining a new found sense of independence is appealing, but it’s important that those first few steps are taken with sure feet and on solid ground.
Beyond the new mortgage/rental payments which will have to be made, there are some other cost considerations that should be accounted for.
If you require parking, some apartments will charge you double the rental space amount to cover the first and last months’ rent. So, if it costs $30 per month, they may charge you $60 upfront. If your building has free parking, yet you don’t have a car, ask your landlord about their policies regarding renting the space. It is a great way to earn some extra income, especially if you’re in a business area or a residential area with limited parking available. If you require parking and your building does not have any, you’ll need to call the city office to determine how you obtain and pay for a street parking permit. Again, costs vary, but in the long run, it will be cheaper to obtain a permit than to pay for parking tickets.
There are so many things you’ll need in your first home. These things may seem small and trivial, but their costs can add up quickly. So, to make sure you’re covered, get out your notepad (again) and make a list. Go through each room and think about the things you need on a daily basis. Don’t leave anything out! For instance, in the kitchen make sure you include small appliances, pantry supplies, spices (these add up), dishes, flatware, towels, soap, dish rack, food staples, pots and pans, containers, garbage can, etc.” (Diane Schmidt, thespruce.com)
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