Relocating? Consider These Important Factors
Moving can be a time of excitement—or a time of stress. When you relocate because of a job, the stress level may rise due to the pressures of your new workplace, as well. One of your first tasks in transferring from one job to the next is securing the best Detroit real estate agent. Their job is to guide you through the procedure of finding a Metro Detroit home. Whether you decide to buy a home in Novi or Northville, a successful and experienced agent is essential to streamline the process.
Before you solidify your relocation plans, take a few moments to ponder the following four considerations.
The Financial Element
Relocating is always going to cost money. Consider the following:
The average cost of an interstate move is about $4,300 (for a distance of about 1200 miles), and the average cost of an intrastate move is about $2,300 (including four movers). Both average moving costs are only for about 7,400 pounds worth of goods.
Another estimate says the cost can be as high as $8,000 if you have a family of four. These rates to relocate vary based on:
- The distance you are going
- How many things you have to move
- If you have to pay for a truck and movers.
When thinking about financial factors, you may be able to offset costs if your company is willing to pay some or all of the moving expenses. This will help quite a bit. Also, you can deduct moving expenses on your taxes as well. You may even be able to secure your moving truck for free, for an intrastate move!
Finally, you should take a long, hard look at the company you plan to move for. Ensure they are doing well, growing, and not on the verge of closing. Uprooting your family just for the sake of a job that might capsize quickly would only interrupt your busy lives even further.
Your Romantic Relationships
If you are in a relationship or married, you surely want to discuss this with your significant other. How does he or she feel about moving to the Metro Detroit area? If you’re married, then obviously you would both need to be on the same page with the move for the sake of the relationship. It will only add to your moving stress if one person is entirely against the idea.
If you’re just in a relationship, will your partner mind a long-distance relationship? Maybe he or she doesn’t want to move right now but may want to later. Can you make a long-distance relationship work? The average long-distance relationship lasts approximately 14 to 17 months.
What if you have an entire family to move—how do they all feel about moving? Will they be happy in the new place? Having children makes moving slightly more complicated, depending on their ages. Older children tend to be more attached to their friends and school.
Also, will you be leaving family or close relationships in the area for a place where you know no one, or will you still be somewhat close to people you know?
What is the neighborhood and community like in the new place? Studies show that the area in which you live affects you in several ways. One study entitled “The Mechanisms of Neighborhood Effects Theory, Evidence, and Policy Implications,” found that neighborhoods can profoundly affect your health, education, and personal success. Some of the factors that influenced individual outcomes include:
- Social cohesion
- Nearness to pollution
- Exposure to violence
- Rundown neighborhoods
In addition to the neighborhood, you want to have choice schools for your children. According to many parents, this is a critical factor in determining where they move.
Finally, an area that includes parks, trails, and plenty of family-friendly activities in which to participate will surely be an attractive place for the whole family.
Do You Have a "Backup Plan?"
When relocating to another place, you need to consider other scenarios that may or may not occur. For example:
- What if you move there and then in a few years decide you want a different job?
- Is the job market good, or is it lagging in this area?
- Do you need additional time to sell your current home?
- Have you already started the process without success?
Homes can sometimes take up to 3 months or more to sell. It depends on how aggressive your sales agent is. The question is, do you have that kind of time, or are you being asked to relocate sooner than that? You may need to get a fast sale on your house in that case. You don’t know what the future holds, but you can do a little research now about the area to ensure that you’re moving to a place that has you covered either way.
The last consideration you must ask yourself is, how badly do you want this new job? Is it a job that you could easily walk away from, or is it one of those “once-in-a-lifetime” opportunities?
You've Got a Friend in Z
Relocating may provide the perfect opportunity you’ve always dreamed about. However, it’s best to be prepared for all possible situations, so the process goes smoothly.
That's why the MARK Z. Real Estate Experts are here for you! We know the Metro Detroit market so well we can guarantee you this: we sell your home, or we buy it. Get in touch with us today to see how the MARK Z. Experience can support your bright new future in Metro Detroit—whether buying or selling!