We've finally got an acceptable offer on the house and now preparing for the big move. Our new construction isn't finished yet so we will temporarily rent a place.
During my net worth statement publications, some readers were wondering about my principle residence valuation and it's accuracy. Since I typically take the low end when valuating assets, the sale of my principle residence will result in extracting about $60,000 equity, which is pretty much exactly what my valuation was. Combining the equity, a portion of savings, and non-registered portfolios should result in a down payment a little greater than $100,000.
As we've already started our packing, here are some tips that I've put together in preparing for the move (mostly in hindsight).
- Get as many sturdy boxes as you can. These boxes can be expensive to buy, but since I'm frugal, I looked for free ones. Some great sources are grocery, drug and book stores. My favorite however was the boxes that I got from the shipping department at the local hospital. They were super heavy duty and the price was right (free).
- When moving larger items, like a computer desk, consider taking it apart first. It will be easier to move and it might fit better in the moving truck.
- Pack the boxes by room then label the room after sealing the box. This way when you move to the new place, you can move the boxes to the appropriate room without having to take it apart first.
- If you need a storage unit, make sure to call well ahead of time as they get booked up rather quickly. Another tip, make sure you get a big enough storage unit for your stuff. We got a 10×10 unit, which was barely enough for a small dining room table/chairs, sofa, love seat, TV, 1 queen sized bed + frame, computer desk/chair and coffee/end tables. The rest of our contents (in boxes) will move with us to our temporary location.
- If you plan on renting a u-haul and moving yourself, again make sure you book the truck ahead of time. It's better to go bigger than smaller with those trucks as they charge by the KM. Bigger trucks mean fewer runs, which = less KM's.
- Be sure to keep some cleaning supplies behind (vacuum/swiffer) as the new buyer will expect the house to be clean during the final inspection.
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