If you’re like most people, you’re hesitant to move or relocate just to take another job or promotion. Sure, the money might be there, but you have to uproot your entire life. Here are some important things to consider before you make any final decision.
Consider Your Future Prospects Where You Are Right Now
Think about what you’re doing with your life right now. What are your current prospects? Is there room for advancement in your job where you’re at? What about your family? Friends? Romantic partner or spouse? Can they move with you?
A lot of things about your life will change if you move. You want to make sure that you’re not leaving anything behind that you don’t want to. At the same time, you don’t want to stick around in a place that isn’t going to be as good as if you moved.
What About The New Location?
Good realtors will tell you that it’s all about location, but what does that mean for you? The new location should be about more than just good asset valuations. It should also hold the promise of a better life. Why else would you move?
Think about whether your new job, or that big promotion, will really mean a better life for you and for your family. If the only reason you’re moving is because of the money, it might not be a great move.
When you come home at night, what else will you come home to?
Can You Afford To Move?
Some companies pay employees to move. Some don’t. If your employer isn’t paying you to move, then you’ll be paying for that move out of your own pocket. Even if you think it’s worth it, can you afford it?
Moving across state lines can be expensive. On average, you may spend $5,000 or more for the move. If you’re moving just yourself, expect to pay between $3,000 and $4,000. A large family might spend $7,000 to $10,000.
If you’re moving within your state, you can probably cut the cost of the move in half. You still need to find a place to live, however.
Are You Giving Up, Or Getting Rid Of Your Past?
Some people look at moving as though they’re losing something. If this is the way you would describe it, the move is probably not for you. Sure, you might be leaving behind friends, but those friendships don’t end just because you leave town. In fact, distance often makes good friendships stronger – you realize just how much you miss the person.
If the friendship was weak, it will probably fall apart, but you won’t be missing or losing anything either.
If you’re moving away from family, that can be tough. But, like good friendships, those family ties won’t end because you move. In all likelihood, those bonds will become stronger.
And, you will forge new relationships in your new hometown or city.
Can Your Spouse or Partner Move With You?
One limiting factor that may not be negotiable is whether or not your spouse can move. This could put an end to the whole deal. Some spouses are anchored to their job. Some aren’t. discuss it, and make sure your spouse isn’t giving up anything in the move.
How Secure Will Your New Position Be?
A lot of people don’t think about this one, especially if they’re taking a new job or promotion. They assume, if it’s a promotion, that the work will be there for them forever. But, will it? Now might be a great time to research your employer and see how financially stable they are.
Do they have good revenue? Are they a private company or public one? If it’s a public company, you can find analyst predictions of future revenue for at least the next 5 years, and sometimes for longer than that. If it’s a private company, getting that information will be a lot harder.
Try to find out whether the business has been around very long in that community and then dig into its past on the Internet or by calling other local businesses and asking about your employer’s reputation there.
If you’re being promoted to a new satellite office for your current employer, do a little background check (if you haven’t already) into your company’s other ventures. Have they been successful? If so, how successful? And, how long did it take them to get new operations or expansions to a secure place where employees didn’t have to worry about a paycheck?
Does the new market seem willing and able to support your employer? For example, is your employer entering a depressed economy hoping that things will pick up, or is he expanding into an area that’s already booming.
All of these things can tell you a lot about whether it will be worth the move. Spend some time thinking about it, regardless of what you decide. It’s your future, and you’re worth it.
Bill Beazley has been building new homes in the Augusta, Georgia, area since 1976. Bill Beazley is past-president of both the Builders Association of Metro Augusta and the Home Builders Association of Georgia. He has spent his entire career developing neighborhoods, plans and quality products that will be appreciated by the most discriminating buyer. Founded in 1986, his locally owned-and-operated real estate firm was built to serve all of the Augusta, Georgia metro area with a conveniently-located sales office in Columbia County. Bill likes to share his property insights online.
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