A lot of families prefer moving homes during summer. But deciding to move is a major life decision and there are different factors you need to consider when deciding where to live. It requires all the more consideration when you have a family to think of. There are factors like budget, schools, neighborhood, security, commute, and family-friendly features to weigh on when relocating. Your dream job may fall through, you may not get along with colleagues in your new workplace or you may even end up feeling homesick. Before you follow through with the decision to move to a new location or not, go over the reasons behind wanting to move and the practicality of doing so.
Questions to Ask Yourself Before You Relocate
Before moving to a new location for personal reasons or even for a job, take time to research your options and have a backup plan always, just in case the move does not work out for you. If you find yourself without a job suddenly, you may find it difficult to get a new position. Additionally, you may not even have the right network of people to offer support or advice in the new place. Read on to learn about some of the questions you should ask yourself before you take the plunge and relocate.
- What Is Important To You?
Make a list of your most important priorities at the moment. Maybe you are retiring and want to downsize or you and your partner are keen to start a family or you are moving to be near your aging parents. Size and location are important factors when choosing a new home and your reasons for the move will affect your decision. If you are looking for a bigger home then you will have enough space for your favorite pieces in your house but if you are downsizing then consider investing in a storage unit before making the move to safely store your belongings.
- Can You Afford It?
With a big move, you have to get your finances right. You need to estimate the cost of living in your new home, taking into consideration your housing costs like principal, interest, taxes and insurance and your total debt payments including mortgage, outstanding loans, credit card payments, etc. Your housing costs should not be more than 28% of your total pre-tax monthly income and your debt should never exceed 36% of your pre-tax monthly income. You also have to take into account the cost of furnishing and maintaining your new home. Before making any relocation commitments, use an online cost of living calculator to check if your dollars will suffice in your new location. If you plan out all of your costs and expenses then you can concentrate on looking for homes in neighborhoods that you can afford. You must also have several months’ savings in the bank so that you can afford to move back, or to go elsewhere, if things don’t work out or for unexpected emergencies you hadn’t planned for.
- How Will The Move Affect Your Family And Friends?
Moving is harder when you are leaving behind family or a close-knit group of friends Relocation has real implications for your family members as it is disruptive and you have to put in renewed effort to find new friends, schools, and recreational options. With young kids, you also have to look up childcare options. If you had grandparents living near you helping out with your children while you’re at work, you are going to miss this convenience if you move away. You also have to consider your partners job prospects and his or her employment situation. If the current job is good with excellent benefits and a chance of a promotion, would it make more sense to delay the move? You may have to ask yourself how the change in place, home, and job because of the move will affect your relationship.
- Is the Real Estate Market Any Good?
When you have to buy or sell a home to make a move, you will have to take into consideration the conditions of the real estate market. In a tight market, you will have to sell your current home before investing in a new one to avoid the burden of carrying two mortgages at once.
- Is the Location Right For You?
Consider the attributes of a location to find out if the local community addresses the major needs of you and your family members. Besides addressing safety of the area, you will need to consider the climate, recreational and cultural activities on offer in the area, entertainment options, restaurants, sporting events, museums, concerts, medical care and ease of travel in the locality. Make a list of things you like and don’t like about where you currently live and then go over whether you can enjoy the same benefits in the area of your potential home. Finally, find out whether it will be easy for you to develop your social circle and if there are opportunities to make new connections in the place you want to move to.
- Are You Really Looking For a Change in Lifestyle?
Before you give up the city life and turn to quiet country living or vice versa, you need to be absolutely sure of your decision. The reality of a complete change in lifestyle may make relocation that much harder. To make sure the new lifestyle and location is really what you want, take an extended vacation in the new area before the move. Retirees making the move can even rent a furnished home or apartment for a few months to be certain of the lifestyle choice.
You can also use the Decision Matrix Analysis tool to help you in making the right move at the right time. Try to plan your move keeping the weather in mind because it will be easier for you. You can list your home on the market in March or April, and plan a summer move because the days are longer and school is out too. Whether you really need to move ASAP or you can schedule it at your convenience, consider renting storage with climate control to store your items safely.
For all your moving and storage needs, contact the Neighborhood Self Storage team at (303) 647-5374.