Is Moving Worth It?
A rent increase may start you down the road to searching for a better deal - however, to really determine if you should move, it’s important to do the math! Moving costs can add up fast and should be factored in to your decision. Remember, finding a new place isn’t just about beating your new rent, it’s gotta beat the increased rent plus all the baggage that comes with moving.
Enter your monthly True Rent
Enter your monthly True Rent
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Rent Change: 5.0% increase
Annual Change: $1,200 more
Target Rent
$2,167 /mo
Moving does not save you money. To break even within 12 months, your new rent needs to be below this amount.
Estimated Relocation Costs
Total Relocation Costs: $2,000
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Beyond the Numbers: Other Factors to Consider
Current Location Benefits
- ✓ Familiarity with neighborhood and amenities
- ✓ Established relationships with neighbors
- ✓ Known commute times and routes
- ✓ Maintenance history and responsiveness
New Location Considerations
- • Access to work, school, or important locations
- • Safety and crime rates in new area
- • Quality of amenities and community features
- • Potential for future rent increases
Remember: Your comfort and quality of life are important factors alongside the financial considerations. Take time to evaluate both the tangible costs and intangible benefits of your decision.
