Here’s How to Plan and Execute Your Job-Based Relocation
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Relocating for a job can signal exciting times for your future. Moving will allow you to experience a new location, and culture while being paid to do so. The key to relocating with minimum difficulties is to put a plan in place and follow it to the T. While it is easier said than done, this article by Barkley Properties will provide all the information you need for having a smooth relocation.
Negotiate the Right Time
When the conversation of relocation is brought up, the first step is to understand your employer's expectations regarding when they want you to move. Rather than accepting immediately, take the time to understand its feasibility. Here are some important factors to consider:
● Will the relocation impact your child’s schooling?
● Can your partner find employment in the same place?
● What is the cost of living in the new location and is it within your budget?
As reported by Time, the best opportunity to buy a home is between the months of summer and fall. Data shows that a high number of homes are listed on the market during this time, allowing you to have a variety of options. Additionally, moving during the summer break will lead to minimal disruption for your kid’s education.
Once you have an idea of when you can realistically move, negotiate with your employer and come to an agreement.
Make a Budget
Relocation is a costly affair, but it becomes manageable through good financial planning. If you’re moving across state lines you may reap the benefit of lower housing prices. As a result, the sale of your home could be enough to afford a new home and pay for a part of your moving costs.
Before starting the process of shortlisting homes you should have an answer to the question - how much is my house worth? Using an online home value estimator will provide you with a ballpark figure of your future home’s purchase price.
Along with the cost of your home, here are other expenses you will need to budget for:
● Hiring movers
● Paying for a real estate agent
● Buying necessities post-move
● Having a safety fund for unforeseen circumstances
Researching a Home
Similar to the process of creating a timeline, take into consideration the needs of all family members when deciding on a home. As an expensive long-term investment, the home should be well equipped to cater to your current and future needs, such as:
● Having a home office allows you to work from home when needed.
● Outdoor space such as a garden, deck, or patio for leisure activities.
● Extra bedrooms to accommodate guests, and family members.
Additionally, as you’ll be moving to a new location it’s best to live in neighborhoods close to the city. These will have lower prices while being in proximity to all major attractions. Moreover, research the best school districts and shortlist houses that fall under their purview.
The process of house hunting can be streamlined by hiring a real estate agent, who can provide you with a list of properties as per your needs, arrange for virtual tours and provide guidance relating to the best neighborhoods to aim for.
Build a New Network
In the lead-up to your big move, take the initiative to connect with your future colleagues. Given that you will plan to visit your prospective home before making an offer, extend your trip to meet your colleagues. Nothing builds a great rapport than spending time with someone and having in-person conversations. This will help you gain valuable insights into the ins and outs of the place you’ll soon call home. Additionally, having a network of people you know will make the assimilation process easier.
By following these steps, you’ll be able to relocate in an organized manner and hit the ground running from the get-go.