Whether you’re relocating to a new city or a different state, moving somewhere new can be a big adjustment. While it can be exciting, it can feel a bit daunting. Here are some things you can do to make the transition easier and put your best foot forward in a new place.
Research the Area
Whether you are moving somewhere you are already familiar with or somewhere brand new, you’ll want to do your due diligence in learning more about the area. Research things like the population, climate, crime statistics, culture, schools, and history of the new place you will be living. The more you know, the less drastic the adjustment will feel.
Budget for the Move
There are quite a few costs associated with relocating, especially if you are moving somewhere far from where you currently live. Be aware of potential expenses that may come up, such as hiring movers, lease termination fees if you are breaking your lease, utility closure and set up fees, and moving supplies. You’ll also want to consider any cost-of-living changes. Understand that if you are moving from a small town to a big city, goods and services may be more expensive. Be prepared for costs to be different when living somewhere new.
Get Help as Needed
Don’t feel like you have to do everything on your own (though you certainly can if you want to take a DIY approach). The extra cost of hiring cleaners, packers, or movers can be well worth it in the time and stress it can save you.
Make Arrangements and Adjustments
Don’t wait until you’ve actually moved to start updating your accounts. Set up a change of address with the post office so any mail sent to your old address gets forwarded to your new one. Update your shipping address in any of your online shopping accounts. If you take any prescriptions, make sure they are forwarded to a new pharmacy in your new city or town. And start researching new doctors and other healthcare practices if it is too far away to continue to see your current providers. The more prepared you are, the smoother the transition will be once you’re settling in somewhere new.
Consider Tax Implications
Moving can impact your taxes in several ways. Odds are many of the taxes you can expect to pay—such as property taxes, sales tax, income tax, etc.—will change after a move, especially if you are moving to a new state. Be aware of these new tax rates so you are prepared when it’s time to pay them, particularly if they are higher than what you are used to. Additionally, if you are moving to a new state, unless it is a state without income tax (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming), you will have to file state tax returns in both your new and old state for the tax year you are moving.
Find Ways to Get Involved
Moving to a new place can be scary, especially when it is far from your friends and family or you do not know anyone else living there. Look into ways you can get involved in your community, whether it’s through sports, social groups, or volunteering. This will help you meet people and get to know the area better. Before you know it, you’ll be able to hold your own among locals!
Are you considering making a move? Contact one of our experienced Loan Officers at First Home Mortgage to learn more about buying your dream home in a new area!