Whether it is for shopping, traveling, or for those necessary daily costs, you must keep track of your finances. The same applies to moving! On average, a residential move can cost anywhere from $1,000 to $15,000. As you can see, we are talking about a significant sum of money that can easily and quickly ‘eat away’ your budget if you are not well-organized. So, if your move to Mexico, for example, is approaching, one of the first things you should do is create a realistic budget for it. Doing this will help you keep your moving expenses down and enable you to have a more pleasant moving experience whether you are retiring in Mexico, moving there for a job, for family reasons, or whatever reason. Thus, if creating a realistic budget for your upcoming move is something that may interest you, keep on reading.
Gather All the Facts
Gathering all the facts ahead of time is of crucial importance. Doing this will help you organize your move better and enable you to save some money and stay safe too! So, take a piece of paper and write down all the facts and details of your move. Note down your moving dates, the number of rooms, the approximate list of things you plan on taking with you (include specialty items as well), etc. Maybe these facts do not seem important to you right now, but those will be the ones dictating the price of your move!
Once you gather and write down all the facts and details of your move (that you think are necessary), it would be a good idea to do some research. Go online and see what other people in similar situations did and how much they paid. This will help you figure out how much money you will need for your upcoming move to Mexico and, thus, help you set up a realistic budget for it.
Gather Quotes as Well
After you have spent some time thinking about your move to Mexico, it is time to gather quotes from moving agencies such as Transparent International NYC. Doing this will be much easier now as you know all the facts. So, start calling several moving agencies and ask them for an estimate. You can choose many different kinds of moving estimates – online, over-the-phone, or in-home estimates. If possible, always choose the last one. An in-home estimate is the most precise one, and it allows you to talk to your potential movers about any confusion you may have about your move. Only by doing this will you be able to create a realistic budget for your move to Mexico.
Think About How Much Are You Willing to Spend
It is imperative to decide how much money you plan on spending on your move to Mexico. To do this, ask yourself the following questions:
- Do you have any money in the bank?
- Do you have any savings?
- If you do not have enough money saved aside, will you borrow it from someone?
- How much money do you feel comfortable spending on this move?
These are just some of the questions you must know the answers to before you start making any moving-related plans. After all, thinking about the budget is of no use if you do not know how much money you are working with. Thus, once again, take a piece of paper and a calculator and write down how much money you have or how much money you think you will be able to spend on moving.
Include All the ‘Extras’ and ‘Additional Fees’
Doing all the previously mentioned steps is important if you want to have detailed insight into all expenses. However, there are some hidden costs that you should be careful about. These hidden costs are also called ‘extras’ and ‘additional fees.‘ And those are the ones that make your bill enormous.
Namely, when moving to Mexico and creating a realistic budget for it, you would include the prices of movers, packing materials, truck rentals, the approximate number of items that need packing, the mileage, etc. However, the exact cost of your move will depend on some other factors too. For example, you would have to pay an additional fee for all the necessary heavy lifting, assembling, and disassembling specialty items, having a home with no elevator, etc. Therefore, do your research and get estimates from your movers unless you want to be hit with an unpleasant surprise.
Do Not Forget About the Costs After the Move
Besides all the additional costs and extras people forget to include when making a budget and a checklist for moving to Mexico, there are all the things that come afterward. That is everything that they have to pay after the move is complete. For example, those can be fees you have to pay your movers for unloading the truck, bringing the furniture in, assembling it back together, etc. Or those can be the costs of renovating your new home or for buying the items you lack. And, not only that, but you must think about the costs of your daily life there too! Think about the gas money, utilities, food, and everything you cannot live without. It is vital to take everything into consideration if you want to create a realistic budget for your move to Mexico.
“Mexican Beach Bum” (Robin Miller) Realtor® is the Designated Broker for Mexico Real Estate and Document Services in the beautiful resort city of Puerto Peñasco-Rocky Point, Mexico, where the desert meets the ocean. Just 210 miles from Phoenix or Tucson and where income producing properties start at $75,000 and homes in town start at $28,000.
Being in the Mexico Real Estate Industry for 14 years, I have been assisting clients with their Mexico vacation home buying and selling decisions in Puerto Peñasco-Rocky Point, and Puerto Vallarta.
**License #442 (licensing required by the State of Sonora)
**Accredited Professional Broker in Puerto Peñasco-Rocky Point
**AMPI member (Mexico’s Real Estate Association)
**Executive AMPI Board member of the local chapter 51
**NAR member (U.S. National Association of Realtors®)
**Member of the local MLS, Multiple Listing Service
**Have a full legal team, in house, to assist buyers with obtaining titles.
With my credentials and the support of my in house legal team, I am qualified to represent, and PROTECT BUYERS as they search for and purchase the perfect vacation home or income producing investment property.
It is important that a foreign buyer connects with a properly qualified licensed agent for their real estate search and purchase transaction. Licensed agents, AMPI and NAR members are held to high ethical standards; attend continuing education classes, and keeping up to date on current issues so they can help guide their clients through the buying and selling process in Mexico.
Ask me for my FREE guide to safely purchase Mexico real estate.
US Line in Mexico: (602) 539-3124
Mexico Cell: 011-521-638-109-0443
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