People move for various reasons; be it to secure a new job, for education advancement, an emergency, or business relocation. Whatever the reason, relocation can be a huge expense. In fact, it could get more costly depending on whether you’re relocating across the state or within a similar locality.
The expenses associated with a standard move could add up fast, whether you rent a moving truck or hire movers. Nevertheless, there are ways to alleviate the financial burden a move could cause. Here’s a list of resources that can help you move.
Apartment Agents
You can get $300 to help you move by simply listing Apartment Agents as a referral source when looking for an apartment. The apartment locator typically receives a cut from apartments’ advertising budget. They will then take a segment out of that money and help cover your move or give you additional money.
Employer-based Programs
A number of employers typically have a program that helps employees relocate when necessary. For instance, you might be entitled to a relocation package or moving allowance if the move is the result of a transfer to fill a position in the organization’s branch outside the country or state.
The allowance will help you cover hotel or hostel charges, rental deposit, and other moving costs. The allowance might not be available immediately, so you might need to source for funds and apply for a refund.
Some companies pay for the accommodation of the beneficiary’s entire family. If your organization has such an option, take advantage.
Federal Help for Renters
Renters can obtain grant assistance through the U.S. Housing Department. To meet eligibility, the individual must be homeless or face the likelihood of becoming homeless because of displacement or financial hardship.
The program will help cover moving expenses, including furniture transportation and the deposit. Additionally, applicants can obtain temporary assistance with rent payment.
Fund for Housing Emergency
A one-off emergency grant of over $2,000 exists for eligible applicants who might require instant assistance for security or utility and rental deposits. The fund’s goal is to decrease the financial strain of families that might be incapable of raising immediate funds and aren’t uncertain of obtaining a deposit refund on their existing home.
The transfer of the fund occurs in less than 24 hours to the new property owner, housing agent, or utility companies. In addition, the Department of Housing and Urban Development provides financial help to displaced rentals because of demolition, reacquisition, or construction that’s being financed by the government.
In the event that you find yourself in a situation where you have to relocate forcefully, avoid moving immediately until you recognize the available options.
Sell Unwanted Items
You don’t have to sell all your belongings if you’re relocating to a different state without money. However, you should sell the items you no longer need or want.
Besides helping you garner some extra money, selling the items will lighten your load. This way, you won’t spend as much on packing supplies. This will particularly be significant if you have just one vehicle to move your items from one location to another.
Relocation Loan
Relocation loans cover moving costs and several types exist. However, they vary depending on the financial institution issuing them. For instance, some loans seek to help you close on a new property or cover a security deposit on a new rental.
For numerous institutions, a moving loan is fundamentally an unsecured loan that covers moving costs. You have a high chance of securing a loan to cover moving expenses provided you have a stable income and good credit score.
If your credit score isn’t good, you could still qualify for an unsecured loan although you’ll probably face higher interest rates.
Final Thoughts
Moving can be costly, especially if you’re relocating to a different state. Fortunately, different ways exist to obtaining some money to help facilitate your move. If you don’t know where to start, use this guide.
For more information on how to obtain money for your move, contact us at Apartment Agents or leave a message.
