Finding Spare Cash to Move House
Moving home is one of the most expensive things that you will ever have to do and it is easy to forget about a lot of the costs too. On top of buying your new home you will need to find cash to move into it, possibly pay for a hotel, and potentially pay for storage too. Finding the cash to do this can be difficult, but there are ways to achieve it.
Extend Your Loan
If possible it is better to take out a loan that is larger than the cost of your home price. This will give you some cash to use with freedom during the move. Taking this out as part of the original loan is ideal because this will provide the lowest possible rates of borrowing that you are likely to receive. If you did not plan ahead for this, however, then extending your loan to include a few thousand dollars more is likely possible at a slightly higher rate. This will then enable you to pay for any excess costs that were not realised before the purchase.
Get a Short-Term Loan
If you, wisely, do not wish to extend your new loan and let the company know that you are already struggling, then taking out a short-term payday loan could be the answer for you. A payday loan is a short-term loan that gives you the cash boost that you need for just a short time. The principal of these loans is that they will be paid back rapidly and will enable you to cover short-term debts by basically getting an advance on your pay. These loans can be very helpful, but it is important to avoid missing payments because the interest rates can be high.
Stay With Friends
When moving home there is a lot of costs involved and one of the last things that you really need is the added cost of a large expense. A large expense like a hotel for a family of five can be a difficult bill to pay and relying on friends to help you out can be a great aid during your move.
Staying with friends can be burdensome, but it can work out well if it is planned right. Sending your children to stay with their best friends and staying with your partner is a good way to balance the imposition across a number of areas. It is best to avoid this imposition, but it can be a great aid to your finances if you have good friends to help you out.
Avoid Storage Costs
It is best to avoid storage costs if this is at all possible. Ideally, when you call the removalists, they will be able to move your possessions directly from one property into another.
This is not always possible, but it is sensible to write dates that allow this into your contracts in order that you may be able to avoid even overnight storage costs. The extra movements of goods that need to be made will greatly increase the workload for the removers and thus the cost for you too.