Guide to Preparing for Immediate Home Costs and Move-In Expenses

A Guide to Preparing for Immediate Home Costs and Move-In Expenses
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You’re ready to say “I do!” to a lifetime of happiness and love with your special one. It’s an exciting time! After the engagement celebrations, and responding to the flood of congratulatory messages, the real work begins. You’re going to start a new chapter with your beloved, and one of the many tasks in preparation for this, is to set up your new abode.

As a couple, you might have already planned for and purchased your first home, but that’s not all there is to setting up a new home. Have you considered the immediate home costs and move-in expenses? With the wedding in sight, you need to make sure that you’re not overlooking any expenses. Since a significant portion of your savings is likely to be channeled into the wedding preparations as well, you’ll need a proper allocation of funds to cover the costs of moving into your new home. Budgeting well and being prepared will help avoid any unpleasant surprises and financial challenges later.

Understanding your expenses constitutes one of the first and most significant steps in preparing for them. From insurance to moving expenses, the costs can add up quickly. Especially for both of you, as a soon-to-be-married couple, identifying factors contributing towards the total costs of moving into your new home can help you budget effectively. It’s essential to sit down with each other and have an open discussion on these expenses and how you’re planning to contribute towards them. This guide will help you understand the immediate home costs and move-in expenditures so that you can prepare for them well in advance.

Rent or Mortgage

Although you likely have this expense already on your mind, this may serve as a helpful reminder. Sometimes, people tend to focus on other initial costs, and this one slips the mind. Ensure that your budget explicitly includes the first month’s rent. Allocating the funds early will help you avoid undue stress when the time comes. If it’s a mortgage scene, make sure to set some funds aside for the initial payment. A good credit score can help you save some money on a mortgage. Lenders use the credit score to assess your creditworthiness and their risk in lending to you. A higher credit score can help you secure favorable terms and lower interest rates on your mortgage. It’s much easier to work on credit scores these days, and you can even start improving your credit score through phone apps.


Depending on whether you’re renting the new place or buying it, you will need either renters insurance or homeowners insurance. Renters insurance will cover your possessions within the rented premises, the liabilities that may arise and living expenses in case the house becomes uninhabitable for whatever reason soon after you’ve moved in. With homeowners insurance, you’ll have liability coverage and financial protection in the face of covered losses.

Utility Setup

You will need to set up water, electricity, gas, and internet services at your new home before you move in. The cost of transfer, disconnection, or connection of utilities will add up significantly to the cost of moving. These are unavoidable costs, as even a day or two without these at the new place will be more than just inconvenient.

Redirecting Mail

Save yourself from a lot of hassle by setting up mail redirection. At least for a year, the postal service will forward all your mail to your new residence. The postal service is not the only place where you’ll need to update your address though. You’ll need to change your address for all state and federal services. Some of these may cost you a little, while others may not require any payment for the update.

Moving Supplies and Services

Allocate some funds for hiring movers in your moving budget. You could DIY some aspects of your move, but you will require packing supplies such as bubble wrap, tape, boxes, and other protective materials. These costs will eventually add up, even though they may seem small at a glance. If your new place is an apartment, the new building may charge some fees for special moving services, such as setting up service elevators. Look into these expenses and make provisions for them accordingly.

Moving In, young couple on sofa with laptop surrounded by moving boxes
Photo by Ketut Subiyanto on Pexels
Emergency Funds

You are moving into a new home, which comes with joys and responsibilities. Breakdowns of appliances are quite possible, and this constitutes an expense often overlooked. You may have to replace a water heater or get the air conditioning fixed. Such situations can burn a hole in your pocket and lead to tight stressful times. An emergency fund can save the day in the face of such unexpected costs. Your emergency fund will also prove helpful for sustenance in case of unexpected life events. Your marriage is a significant life transition, and the financial cushion that an emergency fund offers ensures that you’re in a position to handle life challenges without jeopardizing your financial stability.

Wrapping Up

This comprehensive overview of costs can prove useful when you’re planning for immediate as well as long-term expenses. Understanding the costs and budgeting well will aid in ensuring a smoother transition into married life. It will help keep unnecessary and unexpected financial stress at bay. Set up a solid foundation for your new life together with good financial planning.

How can you save for a wedding and moving expenses at the same time?

Since both partners will contribute towards these expenses, it’s important to discuss priorities and come up with SMART goals. Automating contributions will help meet the saving goals. It can get challenging to save for two major events at the same time, so try to eliminate all unnecessary expenses.

Can we use wedding gift funds for moving expenses?

You can use financial gifts from your guests for setting up your new home. You could communicate with your guests about your plans or use cash as needed for the immediate home costs. Wedding cash fund registries constitute a rising and useful trend. Wedding guests have the freedom to contribute whatever amount feels right and comfortable to them.

How can we save on moving expenses?

If you’re utilizing the services of a moving company, compare the quotes before making a selection and look for discounts. Get rid of clutter before packing and consider using alternative transportation for smaller items. Moving during off-peak times can also help you save on costs, but you’ll need to strategically plan and time your move.

Should we hire professional movers or opt for a DIY move?

If your priority is to save up on costs, because you need to contribute towards the wedding and the house, DIY is typically the more cost-effective option. On the other hand, if you want the process to be smoother and less stressful, hiring professional movers might be the better choice. The decision is ultimately yours, and you need to consider factors such as the distance, amount of belongings and your budget. 

What are the most common move-in expenses?

Security deposit, the first month’s rent or mortgage, the utility setup fees, insurance fees, cost of new furniture/appliances and cleaning/moving supplies, maintenance costs, decor expenses, cost of temporary storage, moving truck rentals or moving company fees, and personal vehicle transport are the most common expenses you will encounter when moving into your new home.

How can we make the moving process less stressful?

Approaching the move systematically is key for making the transition smooth and stress-free. Start early, plan the tasks, and create a timeline. Declutter before packing and consider hiring professional movers. If possible, ask family and friends for assistance with packing. Take breaks and go on dates. Acknowledging and celebrating the completed tasks in the moving process will help you maintain a positive outlook.

Steven Briggs, Author Bio

Steven is a business and entrepreneur content editor and an avid writer on business and personal finance topics.