Five things to consider if you're planning to Relocate

Relocating is a big decision and there are things you should consider before taking the leap and moving to a new area. be sure to do the research and make a sound decision by considering these five things before relocating to a new area.

Personal Relationships

If you’re single it may be easier to just pick up your life and move to a new area, but when you have family close by or a significant other moving with you, the decision becomes more complicated. You have to consider your partner’s career prospects, and your children’s reaction to moving away from their friends and family. You’ll want to really think hard about moving away from close family and friends and how those relationships will be affected

Moving Expenses

Depending on how far you’re moving, expenses can be high. You’ll want to ensure that you have a firm cost of those expenses from several different moving services. If you are moving for work relocation – check with your employer, they often cover moving expenses. Don’t have any surprises!

Cost of Living

You may be able to live comfortably on your current salary, where you live now, but how will your paycheck stack up in another city? Even a raise, may not cover the costs of living in a pricier area. When you calculate your new cost of living, include all of your potential outgoings, such as housing & food. Utility costs might be higher as well, so you’ll want to factor these in when deciding how much the cost of living will be. Also keep in mind the amounts of transportation, childcare, groceries and leisure activities. If you are moving to a different state, take note of potential tax liability.

Job Prospects

How easy is it to find a job in your new location? If you are moving for a job, you’ll want to consider other prospects if it doesn’t work out. If you are in a specialized role and opportunities in your industry are rare, you may want to research current job openings in your industry in the area you are looking to relocate to.

Location

Of course you’ll want to relocate to a safe area for you and your family, so make sure to research crime statistics in the area and neighborhood you are moving to. Also, the weather conditions – if you move to an area that is often hit with natural disasters, you may need to add to your insurance policy for things like flooding, etc. 

Ready to take the leap? Connect with me today to discuss your real estate options!