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4 Tips on Relocating

Key Takeaways

  • Working remotely allows people the freedom to live anywhere there’s an internet connection.
  • With COVID changing the way we work, more and more workers have been relocating over the past year.
  • If you’re relocating, there are a few things you can do to help ensure your move is successful.

Over the past year, many people found themselves getting a bit of cabin fever, due to the COVID lockdowns. For some, renting an Airbnb for a few weeks in another city, just for a change of scenery, helped tremendously. Many employers had instituted work-from-home plans, and workers realized they could work anywhere that had an internet connection.

In fact, there’s been an increase in the number of people permanently relocating. Perhaps they’re seeking better weather, being closer to family, lower costs of living, or proximity to certain amenities and attractions. Whatever the reason, it’s easier to relocate now than it was even two years ago, and there are a number of these Zoom towns as a result. If you’re one of the many who’s looking to relocate, here are four tips that can help you make a successful move.

First, rent a home or apartment for one to two months in the area you’re looking to move. Why? Because every location has its own nuances: stores, climate, people, schools, hospitals, transportation, traffic, conveniences (or lack of), and so forth. You won’t know until you’ve physically lived there for several weeks how these nuances will affect you, your family, and how you operate day to day. So before you spend a lot of money buying a home, try it out by renting first.

Second, get into social media related to the town. Many towns have online groups where their citizens post questions, complaints, recommendations, kudos, and other communications about a variety of topics related to the town. You can also follow restaurants, boutiques, libraries, and other businesses and facilities in the town to get a sense of what goes on in the local community. Social media is a great way to get a lot of information very quickly.

Third, establish a relationship with a local real estate agent. Although you may not be buying a home for a few months, it’s a good idea to get to know a real estate agent who can help guide you on what the area is like and get started on understanding the kind of home you’re looking for, should you decide to buy.

Fourth, rinse and repeat, knowing that your first attempt may not work out. You may need to test out multiple locations before you find the right fit. Take your time before committing and buying a home.

By going through this process, you’ll be doing yourself a favor, helping to ensure you move to a place you really want to live in this next chapter of your life. Until next time, enjoy.

Gary

If you’d like to read more on this topic, here is a past Coyle Blog post that you might enjoy:

Tax Friendly States

 


 

Gary Klaben serves as a Financial Advisor, and visionary for Coyle Financial Counsel. 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.

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

www.coylefinancial.com
847-441-5644 | coyle@coylefinancial.com

 We value your comments and opinions, but due to regulatory restrictions, we cannot accept comments directly onto our blog.  We welcome your comments via e-mail and look forward to hearing from you.

 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. All investments involve risk, including loss of principal.  Past performance is not a guarantee of future results.

Copyright © 2021 Coyle Financial Counsel.  All rights reserved.

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