September 26, 2007
The Real Cost of Relocating
The Real Cost of Relocating
There's good reason that relocating ranks alongside divorce as one of life's most stressful events: It's expensive. Even if you're moving for a higher-paying position, your spouse may have to quit a job and look for a new one, which could pummel your household income.
You might be forced to sell into a frighteningly declining real estate market. With mortgage rates on the rise, monthly payments for your new place are likely to be higher. Then there are all the expenses of settling in, from buying furniture to putting in an updated kitchen.
It's more important than ever to run all the numbers before you agree to move to a new city. If you'd be selling in a weak real estate market, your new salary had better be pretty darn sweet - or your new employer needs to be willing to help you out.
Remember that relocating is sort of like buying a plane ticket to Paris: The price varies depending on when you go. May through September is peak season, so if you can depart earlier or later, many movers will charge you 5 percent to 10 percent less. The same is true if you're willing to move in the middle of the month rather than at the beginning or end, when most moves are scheduled.
There is a long list of things you need to consider before relocating to a new city, and we'd be happy to furnish you with a thorough list of things you need to think about before relocating. Just drop us a line, we'll be glad to assist you.
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Comments on The Real Cost of Relocating »
Jason McDonald @ 4:25 pm
The comment is well shared here in Australia also with rising property prices and governement taxes on purchases escalating, it is yet another added cost to the relocating exercise. Recently we moved to find even the cost of removalists being predictable to a point; yet on the day if it was not for the fact we pushed them to move quicker the cost of the move would have been even higher. The best advice is to make sure you are there as they load the truck and avoid leaving them to it, because in the moment of absence we have heard to many stories of blown out removalist costs. Happy relocating.