Renter vs. Owner Relocations
There’s a big difference between renting and owning a home. For starters, you may make a profit if you own the home and sell it. You also get more predictable payments when you own a home. But you also have to worry about maintenance and repairs when you own.
There are also differences to consider when it comes to moving.
If you are renting your home, relocations look a little different than if you own it. Here are some considerations that many people don’t think about when it comes to renter vs. owner relocations.
Consideration #1: Your Belongings
For starters, you may have less to move if you rent your home. Many rental situations involve furnished apartments or homes, meaning the owner has the right to all of the items originally in it. When it comes time to relocate, you can’t move belongings that someone else owns. But you can move your own items, which will be less expensive if you don’t have a whole house of belongings to relocate.
Consideration #2: The Space
You have to take extra care of the space and clean up after yourself if you’re renting the home (in most cases). When you own the home, you can wash your hands clean of it when you sell (after the escrow period, of course). But if you rent the space, most contracts require you to repair any damage to walls, possibly repaint them and clean or install new carpeting. You must also ensure any residential moving company you hire doesn’t damage the space as well.
Consideration #3: Restrictions
Renting also comes with potentially more restrictions on when and how you can move. For example, the homeowner might not want a moving truck in the driveaway, or a storage container kept on site. They also might restrict you to moving during normal working hours. Your best bet is to run your plans by the home’s owner to ensure you aren’t violating any contract terms and that you stay on their good side. (No one wants to deal with legal issues during a move.)
Consideration #4: Utilities
One good thing about renter relocations is that you don’t have to worry about disconnecting old utilities and closing accounts. You can simply move on to your next location. But don’t forget to set up utilities at your new house (if you plan on buying one), as well as other important paperwork like driver’s licenses and school records.
Whether you rent or own your home and are looking to move, trust the team at IMS Relocation to handle it. Call us today for a no-obligation quote!