How to Plan for a Relocation Move
Relocations are becoming more and more common as our nation and society becomes increasingly mobile. But its important to plan effectively for a relocation and there are many things to consider when relocating. Whether you are moving for professional/career reasons or personal ones, it's incredibly beneficial to plan ahead of time.
Ensure You Want To Relocate.Are You Sure You Want To Move? Many people want to move for the sake of moving. But they don't often take into account all of the things that make a relocation a good one. If it's a relocation due to a new job, make sure you look at the opportunity costs.
Run the Numbers.Do You Know All the Costs? This includes everything from the costs of the actual move to what it will cost at your new home. Not just cost of living but things like property taxes, state and local taxes and more. Don't be surprised.
Get the Family on Board.A relocation can be a big change for a family. Get input early and include family members in the decision making process. It can make it go much more smoothly.
Scout Out Your New Home.Unless you are moving someplace your have lived before - try to take a couple trips to your new home. Learn about the area and the neighborhoods and resources the area has to offer. Its important to have a working knowledge of where you will be - rely on an employer or support network to help.
Obtain Important Records.In our connected world you can usually get most things quickly. But some records - like health care records for chronic conditions or prescriptions - should be records you have easy access to at all times.
Plan for the Move.Start a couple months out if possible and work from a moving plan. Have a strategy of what gets moved, how and when. If you are using movers, get referrals and multiple quotes - they can vary significantly.
Sell Your Home Quickly.Selling your home during a relocation can be challenging and stressful. Plan ahead if you are going to need to sell your home to buy a new one where you are moving. Timing is critical. Consider a home buyer who can buy your home quickly for cash instead of a traditional broker.
Tie up Loose Ends / Say Good-bye from Current Home.Its important to thank those who helped with the relocation and create closure with some relationships (especially with young children).
Take Time Off Upon Arrival.There will be lots to do once you move to your new home. If possible, build in some time to adjust and get things done around your new home.
- Large employers often offer relocation assistance - make sure you ask.
- Don't forget about your pets - they should be considered - especially for long moves.
- Moving expenses can be tax deductible. Save your receipts and talk to an accountant.
- When using a home buyer, consider the fact that you might not get as much as market price but you will save time and often might get the same value in the long run (when you consider savings on fees, commissions, closing costs, the mortgage carry) (what you pay each month while house sits on market and before closing)).
Video: Moving Checklist & Timeline | What To Do Before You Move
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