Is It Cheaper to Move Furniture or Buy New?

When planning a relocation, individuals often face a financial decision: transport existing furniture or acquire new pieces. This article compares the monetary implications of these choices to help readers determine the most cost-effective option.

Understanding Moving Expenses

Moving existing furniture involves a range of expenses, whether opting for professional services or a do-it-yourself (DIY) approach. Professional movers typically charge based on distance, volume, and services rendered. Local moves can cost between $882 and $2,570, or an hourly rate ranging from $25 to $50 per mover, or $80 to $100 per hour for a two-person team. Long-distance moves usually incur higher costs, ranging from $2,700 to $10,000. Total price is influenced by factors like size and weight.

Packing services, which include labor and materials, typically range from $280 to $2,200. Packing labor alone averages $25 to $40 per hour per packer, while materials for a three-bedroom home can cost up to $750. Insurance options protect belongings during transit. Released value protection covers $0.60 per pound per item, which may be insufficient for valuable possessions. Full value protection typically costs 1% to 2% of the estimated total value of your household goods.

Specialty items, such as pianos or large art pieces, often require additional handling and may incur extra fees. Disassembly and reassembly of furniture by professionals can also add to the cost, with hourly rates for this service ranging from $50 to $150.

For those considering a DIY move, expenses include truck rental fees, fuel, and packing supplies. Rental trucks typically have daily rates starting from $19.95 for smaller vehicles and $39.95 for larger ones, with mileage charges ranging from $0.59 to $0.99 per mile. A local DIY move can cost between $130 and $190, while a long-distance move might range from $1,780 to $2,210, not including fuel. Fuel costs are a significant consideration, as trucks must typically be returned with a full tank.

Packing supplies, such as boxes, tape, and protective wraps, are necessary for a DIY move. Individual boxes can cost between $1 and $2.50, with specialty boxes for items like TVs or pictures ranging up to $25. Temporary storage may also be needed, with monthly rates for storage units varying from $70 to $300, and an average of $85.30 to $180 per month. Volume and distance drive DIY expenses.

Estimating New Furniture Costs

The direct purchase price of items varies significantly based on type, quality, and quantity. For example, a new sofa can range from $300 to over $3,000, while coffee tables might cost between $100 and $800. Side tables typically range from $50 to $300, and entertainment centers can be priced from $200 to $1,500.

Delivery charges are another component of new furniture costs. While some retailers include delivery in the purchase price, others may charge flat fees or fees based on distance or item count. Some companies offer white glove delivery, which often includes assembly as part of the service. This can provide convenience but may come at a higher price point.

Assembly fees are incurred if furniture requires setup and is not included in delivery or if the buyer prefers professional assistance. Professional assembly services typically charge $50 to $200 per piece, or an hourly rate between $50 and $100. For example, assembling a queen-size wood bed frame can cost around $175, while services from major retailers like IKEA can be as low as $36 per item.

Disposing of old furniture also adds to the expense of buying new. This may involve fees for junk removal services or charges at local landfills. These disposal costs can vary, depending on the volume and type of furniture being discarded.

Sales tax is an unavoidable cost when purchasing new furniture. Sales tax rates vary across the United States, ranging from 0% in some states to over 9% in others, such as Louisiana with an average combined rate of 10.12%. This tax significantly impacts the final price, especially for larger furniture purchases.

Important Elements for Cost Comparison

The current condition and inherent value of existing furniture play a role in this assessment. High-quality, antique, or custom-built pieces may have significant monetary and sentimental value that justifies the expense of moving them, even if costs are substantial. Conversely, furniture in poor condition that would require costly repairs might be less financially sensible to move.

Emotional attachment to specific items can also sway the decision, leading individuals to accept higher moving costs for pieces with personal significance. The unique fit of existing furniture within a new space can also be a consideration, particularly if replacing it would involve custom orders or extensive searching.

The practicalities of time and effort are also important considerations. Moving furniture yourself or coordinating professional movers requires a significant time commitment, including packing, loading, and unloading. Similarly, shopping for new furniture, arranging delivery, and managing assembly also consumes time and effort. While not direct monetary costs, the opportunity cost of time spent on either option can be substantial. The risk of damage during transit is another factor, as accidental damage to existing furniture could result in unexpected repair or replacement expenses.

Formulating Your Choice

Begin by tallying the projected expenses for each scenario, including all direct and indirect costs discussed previously. Once the financial figures are compiled, weigh these calculations against the less tangible aspects. Consider the condition and value of your current furniture, as well as any emotional attachment. Assess the time and effort you are willing to invest in either process, recognizing that time spent has an implicit value.