For most of us, moving can be a very exciting opportunity to experience new things and meeting new people that we often forget to look into details about the place we’re moving in. There are actually some factors to check out when moving to a new place that could affect your lifestyle. Whatever the reason, you should consider your motivation carefully. The key is to be prepared for a move as much as possible so you don’t end up moving back and live a life of regret.
Consider these factors when comparing city experiences.
Cost of Housing
Real estate prices are tumbling, mortgage rates are at record lows and there are big tax credits on the table. Apartment and home costs can vary significantly, and some cities are friendlier to renters. It’s important to look at what other homes are going for and what they offer before buying a home or getting a mortgage for it. Another important factor to check is your credit score because this will affect the interest rate you’ll be approved for a loan. Be sure to keep an eye on your credit (credit.com) months before applying.
Cost of living is the amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, transportation and healthcare. This could differ drastically from one city to another especially if you live in a city where tourism is popular. Research and make sure you will be able to afford it.
For any reasons you may have on relocating, it’s important to look into job availability in your prospective new city. Look into the business growth of the city. Try to consider your industries of interest. It is also good idea to maybe apply for a few jobs, even if you can’t move in time to take them, just to see if you qualify.
Quality of Life
Decide what things you currently have that you would like to continue to have. You will want to make sure that the attractions in the city you are moving to relate to your interests. From access to cultural activities, entertainment, parks, house of worship, gyms and shopping options to demographics and proximity to friends or family, quality of life can make a difference from being happy in your new spot or not. Try to visit and maybe live there for a few days to get a feel of the possible city.
This is something to keep in mind when you’re considering where you would like to live. Check out features like the quality of schools, crime rate, and community events. It’s important that you feel safe and have what you need to make it really feel like home.
Moving can be daunting, but it doesn’t have to be. Approach it in phases and take it a day at a time.
Source: realtor.com, forevertwentysomethings.com, nbcnews.com, Investopedia.com, myjourneytomillions.com, mint.com, forbes.com, thetourismobservatory.org, villageassociates.com
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