My fiancée and I will be moving south this winter, but we plan on returning to the midwest at the end of the baseball season. This presents an interesting problem for us. We’ve furnished an apartment at our current location, but it’d be difficult to transport all of our belongings.
Should we store or sell our possessions that can’t make the trip? What’s the correct choice?
Selling: Make a Little Extra Cash
While selling may take some time and effort, it would provide my fiancée and me with a little extra money in our pockets. We’d only consider selling bigger items that won’t fit in our sedan on the way down, such as our bed, couch, desk, dresser, and TV stand. They’d take up too much space (or not fit at all) and it’d be too costly to find alternate transportation for them.
We could probably get around $500 for all of our items, which could be nice for buying or renting furniture when we get to our new home.
The down side of selling would be the extra cost of purchasing new furniture when we returned after the baseball season. If we make a similar trip for a number of years in a row, this would get quite expensive — and would be a big waste of time.
Have you ever sold your belongings before a big move? How was your experience?
Storing: Convenience on the Back End
Storing our bigger items would be nice upon our return to the midwest. We’d be able to furnish another apartment without buying anything new. My fiancée’s mother has a storage unit with a lot of open space; she told us that we could split the cost with her if we wanted. For around $50 per month over 8 months, we could store everything and have it waiting for us when we return.
But that’s still $400 for our possessions to sit for months on end. Though it seems like a waste, it may still turn out to be a money-saving move. The up-side is that we’d be helping my future mother-in-law save a bit of money in the process.
My fiancée and I will need to find out what’s best for us. While an extra $500 would be nice, it wouldn’t be much towards buying new furniture when we return at the end of the summer. There will also be extra temptation for us to spend the perceived windfall (even though it’s not free cash at all). Storing our items would be nice when we get back, but spending $400 to store furniture seems a bit wasteful.
What do you think is our best option? Have you ever been in a similar situation and had to make the same decision?