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4 Tips for a Trial Run on Relocating

Key Takeaways

  • Just because you enjoy vacation time in a certain location, doesn’t necessarily mean you’ll like living there.
  • Taking steps to buy a home and permanently move to an area you have only visited could end up causing heartache and costing lots of money.
  • Take steps to try out everyday life in the new area before actually relocating.
  • A trial run allows you to get to know the kind of people you’ll live around and what everyday life is really like. Then you can make a more informed decision.

Every couple of years, I get a certain dreaded phone call from somebody I know who’s in someplace warm when it’s cold here in the north and they say, “I just bought a house. I’m really excited and we’re going to move here.” I immediately respond by asking, “Have you ever lived there before?” Inevitably, the person on the other end answers, “No, but it’s a great place!”

You’ve heard this story before, in some shape or form. A year later…two years later…they hate the place. They sell the house, usually at a considerable financial loss, etc. To avoid having this scenario played out in your own life, I suggest taking a trial run on relocating. It’s important to do a trial run because, no matter how great the place seems, it’s all different, and some of those differences may not fit your intended lifestyle.

4 tips for a trial run on relocating

  1. Rent a house. Rent a house for at least a month or two. Live there. Drive around. Get to know neighbors. Get to know the people and how they live. Take note of the weather and all the little things you wouldn’t otherwise notice. It’s very important to actually live in the environment to see if you actually like it.
  2. Connect with local social media groups. By connecting via social media to profiles of current residents you’ll have the opportunity to glean a lot of intelligence about things you wouldn’t come across otherwise. You can connect on Facebook, Instagram, NextDoor, and other key platforms to get this information. You don’t even have to interact with anyone if you don’t want to. Perhaps local healthcare is lacking, maybe they don’t have the activities available that interest you, or you might learn there’s an inordinate amount of crime in the area.
  3. Establish a real estate relationship with a local. Take caution with this step by remembering that real estate agents are in the business of selling property. Don’t get caught up in their pitch and the process of selling. Instead, since you’ll rent to give the area a trial run, say something like, “Hey, eventually I’m going to buy, but tell me what’s going on in this area.” This person can give you lots of additional details about the area because that’s their expertise.
  4. Rinse and repeat. This is the easiest tip of all. If the first one doesn’t work out, try another one to see it that works. Make sure you get the whole experience — the entire picture — before you slap down your hard-earned money into a place that you end up really disliking. Then you’ll have to move and spend a lot of money in the process.

Consider these four great tips when you have plans to relocate in the future. It’ll save you money and heartache and will go a long way in helping you find a new place you will enjoy for years to come. Until next time, enjoy.

Gary

Learn more about TransformingWealth™ , our proprietary approach, designed to get your arms around the big picture so you can make informed financial decisions. Ask Gary about Coyle’s TransformingWealth Preview Meeting, and schedule a complimentary consultation and start living the Good Life Managed Well™.


Gary Klaben is in our Glenview, IL office and serves our clients who are now located all over the country. He has over 30 years of experience and is the author of Changing the Conversation, Wealth of Everything and co-author of The Business BattlefieldWhether advising his clients, mentoring his team, or coaching entrepreneurs, he is always simplifying complexity and motivating others to take the next action that’s right for them.

 

www.coylefinancial.com
800-480-7913 | coyle@coylefinancial.com

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All information is from sources deemed reliable, but no warranty is made to its accuracy or completeness.   This material is being provided for informational or educational purposes only, and does not take into account the investment objectives or financial situation of any client or prospective client.  The information is not intended as investment advice, and is not a recommendation to buy, sell, or invest in any particular investment or market segment.  Those seeking information regarding their particular investment needs should contact a financial professional.  Coyle, our employees, or our clients, may or may not be invested in any individual securities or market segments discussed in this material.  The opinions expressed were current as of the date of posting, but are subject to change without notice due to market, political, or economic conditions.

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