Times are tough right now. The rising cost of living is out of control. Many of us are looking at our weekly budgets and trying to figure out where we can cut back on expenses, which includes when we’re moving. The ever decreasing amount of money at our disposal makes us more inclined than ever to jump and sign a contract with the moving company that provides the lowest estimate.
Before signing on the dotted line, you need to consider the potential benefits and downfalls of using the moving company with the lowest estimate.
Downside: They’re Not Properly Protected
When you get a low estimate for a move, especially an estimate that’s several hundred dollars lower than the other estimates, it’s time to take a hard look at the moving company and make sure that they’re properly licensed and insured. Many movers, try to save money by failing to insure themselves or go through the proper business setup. If the moving company doesn’t provide you with the documentation needed to show that they’re properly protected, you will want to sign with different movers.
Benefit: You’ll Have Money Left Over for Other Expenses
The biggest benefit to using the company with the lowest estimate is that you’ll have a little extra cash on hand for the unexpected expenses that always crop up during a move, including things like extra utility hookup fees, additional packing material, a sudden jump in the fuel price, and even a potential night or two in a hotel.
Downside: Inexpensive Movers Aren’t Always Prepared
It’s not uncommon for a new moving service to offer low estimates in an attempt to build a solid reputation. This makes sense from a business standpoint, but it also means that they are sometimes unprepared for the enormity of a move. Sometimes they overbook themselves, or they don’t have enough trucks, or they simply haven’t yet gotten the equipment needed for a smooth moving experience. All of this adds time and stress to your moving day.
Downside: Hidden Fees Add Up
The scariest thing about some moving companies that offer low estimates is that the estimate doesn’t fully show how much they’re going to charge you for the move. It’s not until you get the final invoice that you discover all sorts of hidden fees and expenses you weren’t prepared to deal with.
Perk: Sometimes You Get a Really Good Deal
Sometimes a low estimate turns out to be a good thing. This is especially true if you’re lucky enough to contact the moving company just as they are offering some good deal on their services. In this case, they’ll usually be upfront about why the estimate is low and it’s safe to sign a moving day contract with them.