Moving to a retirement community should be a stress-free experience. You should be able to relax and move into a place that offers all the comfort and amenities you deserve.
Unfortunately, there are many costs involved with moving to a retirement community that can make the process a hassle. Even if you are moving to a close-by community there are still many costs involved.
Before you start moving, make sure you understand all the costs of moving to a retirement community…
Movers
Depending on how much of your stuff you plan to keep, you may need to hire a moving company. These experts can help you pack up your furniture and move it to your new location, but they can be expensive, especially if you have a lots of items. Some movers will at a fixed price, but others will bill you hourly, which can cost up to $30/hr per mover. At this rate, three movers working for 6 hours will cost you $540. Movers usually bring their own truck and tools.
Storage Facility
You may not have as much storage space at the retirement community as you have in your current house. If you want to keep a lot of important items, you may need to consider renting a storage facility, which can cost hundreds of dollars a month. In fact, a 10 x 30 feet climate-controlled storage unit costs up to $350 per month.
Legal Fees
Selling your home, securing a title, navigating the financial structure; moving into a retirement community can be complex. Getting sound legal advice is smart practice, but finding a quality lawyer with experience in retirement communities will add more costs to the price of moving.
Utilities Deposits and Connection Fees
Many utility companies require a deposit before services will be rendered. There can also be connection fees for energy, cable, and other services. Before you move, you’ll need to make sure you have the funding to cover these costs. Deposits vary depending on where you live, but many can expect to pay around $200.
Replacing Everyday Items
Moving large items like furniture is a common practice, but many people choose to throw away small, cheap items like toiletries, food, batteries, lightbulbs, condiments, and spices. When they arrive at their new home, however, they are forced to purchase all new items, further increasing the cost of moving to a retirement home.
Selling Your Home
Once you sell your home, you will get a nice, large payment, but hiring a real estate agent can take away from the amount you receive. Real estate agents usually charge 6% of the sale price. If your house is worth $300,000, that means you will pay $18,000 in agent commissions. If you choose to sell it on your own, there will be expenses for listing the home, creating signs, and hosting an open house. You will also have to get the home inspected and make any repairs required by the inspector.
Not only can this process be expensive, it can be time consuming. Months can go by between hiring a realtor, listing the home, making repairs, and finding a qualified buyer. If you need cash quickly so you can move, you may not be able to wait while trying to sell your home.
Get the Cash You Need When Moving to a Retirement Community
Whether you are moving to a retirement community right here in Chester or Delaware County or want to move to a different area, you can sell your home as-is and get the cash you need when you work with Cash Closing Home Buyers.
Fill out a contact form or call us at 484-999-0102 and we’ll give you a no-obligation cash offer on your home in 48 hours of less. You can close the sale within two weeks.