Is This Your Situation: Think You're Ready to Relocate?

 Relocating is a big decision and there are things you should consider before taking the leap and moving to a new area. Take the time to 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 to relocate to a new area.

 Moving Expenses

Have you considered how much moving expenses will be? Depending on how far you’re moving, expenses can be high. You’ll want to ensure that you have moving costs covered in your budget and you’ll also want to consult your employer if you are moving for work relocation – they often cover moving expenses!

 Cost of Living

You may be able to live comfortably on your current salary, but how will your paycheck stack up in another city? Even if you receive a raise, it 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. Other housing expenses such as 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 amount of everyday expenses you will have, such as 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 consider 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!