Relocating in 2023 with an Uncertain Economic Environment

Moving In Today’s Economy

Economists are predicting a recession starting up early this year, according to CNBC. Mark Zandi, chief economist at Moody’s Analytics notes previous occurrences to explain what we’ve been seeing, “Historically, when you have high inflation, and the Fed is jacking up interest rates to quell inflation, that results in a downturn or recession.” With interest rates hiking from almost zero in early 2022 to around 4.5% in December, it’s easy to see history repeating itself. We’ve already seen this impact in steadily decreasing home sales and felt it through increasing rent costs. If this economic uncertainty has you feeling wary of the thought of having to move, you’re not alone – luckily, there are ways to save money and ease some of that financial anxiety during your next move.

Tips on Relocation Assistance

Schedule your move ASAP

Whether you’re looking to move because of rent increases, a new job, or just a change of scenery, scheduling your move ahead of time can be your greatest money-saver. When you plan ahead, you’ll also have the option to move during the off-season, which can lead to better moving rates. If saving money is your goal, it’s best to move during the work week and during typical working hours. For more information about how timing can save you money, check out our Best and Worst Times to Move blog.

Keep the Best, Sell the Rest

Decluttering before a move is always a good idea, and it can be hugely beneficial if it helps to set you up financially before a move. Anything that is still functional but doesn’t suit your needs anymore can be sold to put a little extra money in your pocket. To add to the benefits of decluttering, having less bulky furniture and other items to move will decrease your moving costs all around. It’s a win-win!

Know Before You Go

You may be prepared to spend the money on the move itself, but will you need to prepare for what comes after? Conduct a thorough inspection of your new house to make sure that it won’t have any pressing problems that will force you to make repairs you’re not ready for. Is there any water damage? Are there leaking windowsills that will cause you to lose money on energy costs? Is there evidence of infestation? Knowing your new home will save you from the cost of moving that comes after the moving is done.

Moving with Shleppers

When the economy takes a downward turn, we all feel the consequences. Shleppers has been helping NYC residents move according to their budget for over 40 years, in all economic climates. We’re in this together. Get a FREE QUOTE on our website or call us at 800-847-4537 for more information.