Considering a move to a new city? Before packing your bags and hiring a moving company, be sure to research the potential price tag of relocating. It may cost more than you think.
Cost of living can vary greatly from town to town, so do some research before taking the plunge. Better Homes and Gardens recommends browsing the local newspaper for grocery promotions, ads, and other local news to track costs so you can determine the income you might need. While several cost-of-living calculators are available on the Internet, they provide only general figures and don’t take into account specific housing needs.
Be sure to ask a Certified Residential Specialist in your target area about “hidden” homeownership costs, such as recreation fees, trash collection and community services. Try to obtain a one-year sampling of utility bills for the type of home you’re considering. What can you expect to pay for telephone, cable TV and Internet services? Will you have your own septic tank and water pump, or will the community provide water service?
There are other expenses to consider, such as taxes and transportation. Higher taxes may mean better schools, libraries, trash collection and other community services, while lower taxes could mean higher out-of-pocket expenses for these services. Likewise, transportation and parking costs are often higher in larger cities, while a small-town commute can mean a short walk or bike ride. Also, gas prices can be more costly in some areas than in others.
Moving away from family and friends can mean more frequent phone calls and trips back home, so be sure to allow for those additional costs as well. Before making a move, it pays to know what to expect.
For recommendations of movers, packers and where to go for boxes, please give me a call. I am your full service real estate agent and go-to girl for who-to-go-to!
Photo courtesy of Dillon Scheps