- 1 - Is your budget adjusted to the cost of living in the new city?
- 2 - What's your new neighborhood like?
- 3 - How about your moving costs?
- 4 - How will this affect your quality of life?
Looking to move in the near future? Perhaps you are thinking about relocating from one city to another?
It’s really exciting and quite scary at the same time!
There are so many decisions to make and things to think about that it can be tough to know whether you’re making the right calls when moving into a new home, never mind a whole new city!
With these four essential things to consider when you are relocating from one city to another, you ought to feel good about yourself that things are finally falling into place:
1 – Is your budget adjusted to the cost of living in the new city?
This is something that you need to make sure about before you start looking for your new home, especially, if you are thinking about purchasing a home instead of renting.
And why? You might not know that the living costs of the new city might be (substantially) higher or lower than what you have now. After all, living in Cape Town versus Pofadder will financially be very different!
This means that it can influence how much disposable money you will have in your budget for repaying that monthly mortgage. The last thing you need is to purchase something that you can’t afford because living costs in the new city are much higher than anticipated!
2 – What’s your new neighborhood like?
Before you make any decisions in the area where you are going to purchase your new home, you need to make sure that this is the right neighborhood for you and your family.
You should do your research and make sure that everything that you might need is in desirable proximity to where you are going to stay – whether it be your kids’ school, nearest shopping centre, or location of your (new) employment! Otherwise, you might regret your purchase and struggle to sell the home again.
Don’t just purchase a home in any area without you doing research to find out if this is a right fit for your lifestyle.
3 – How about your moving costs?
This is something to consider way before you decide to move. You need to have money in your budget for moving to the new city. If you are moving quite far away, the costs of moving are obviously going to increase, so you need to make sure that you don’t just hire the first moving company that comes along.
You need to be able to trust them with your belongings and you need to make sure that you can afford them before you decide to move.
4 – How will this affect your quality of life?
One of the big things people don’t always realise when they are moving to another city is that they very likely will see a change in their quality of life (mostly financially, convenience & privacy).
This is something that you ought to consider so you know ahead of time what to expect when you arrive at your new location. And it goes without saying that you don’t want to get into financial problems and potentially lose your property!
Relocating to another city: it’s an exciting journey, and as long as you’ve done the necessary research, you’ll feel confident about your decision to move. With all that information in mind, you will now know that you are going to have a great experience relocating and will more than likely not regret your choice.
Too many people can’t be bothered to properly research all the necessary information, and end up regretting their choice. Don’t let it happen to you!