Are you considering relocating? There are many factors to consider when contemplating relocating, such as job availability, safety, the housing market, climate changes, culture, adaptability and much more.
Do you have children, dependents or pets? These are also factors to consider due to schooling systems, a pet-friendly environment and medical resources. Moving can be a big decision and considering these significant factors can help you to determine what you want your life to look like as a person, but also as a family. It is a risk to jump into the unknown and so getting the people who would also play a crucial role in your life involved will help navigate the pathway you are trying to build.
You may currently live comfortably with the salary that you have now. However, have you considered the cost of living in your new location? When relocating, it is important to consider potential outings, new membership fees, down payments and utility expenses.
The first step to relocating would be obtaining a down payment and/or securing a mortgage. After establishing your financial plan, you can establish what objectives and obligations need prioritizing.
Depending if you are moving out of province or out of the country, it will depend on the type of insurance you will also need to consider. Have you asked your insurance holder if they offer coverage in your new area? If not, you might have to buy more expensive insurance, depending on where you live. You may need additional coverage also for natural disasters such as hurricanes, tornados and hail damage.
Key Principles to Remember
Do:
- Think about the decision as an identity choice.
- Make your partner’s/children’s happiness a priority.
- Propose a temporary stint or job swap to test out the new location.
Don’t:
- Only focus on the immediate consequences of the move. Consider how it will impact you, your partner, and your children in the long-term.
- Ruminate all alone. Solicit advice from trusted peers.
- Overthink the decision. If you go for it and you’re unhappy, you can come home.
Although this may seem like a challenge, it is also an opportunity to experience a new life that can be rewarding, flexible and exciting. Keep an open mind and fully embrace the new perspectives around you. For many people, this could be an exciting time in your life or an overwhelming one. Regardless of your age or gender, or whether you’re single, in a relationship, or married, picking a new place to call home is an important decision for everyone.
Ultimately planning it out carefully and examining issues like finances, family needs, the moving process, insurance and so on, before taking a leap of faith, will help ensure a smooth transition to your new home.
More information? We’re here to help – [email protected] This WARDS LAWYERS PC publication is for general information only. It is not legal advice, nor is it intended to be. Specific or more information may be necessary before advice could be provided for your particular circumstances.
