What should you plan for when relocating for a new job?
June 12, 2015 | Michele Langley
5 Things to Do When Moving for a New Job
Making the decision to move for a job can be exciting and rewarding. Whether your decision to search for work in another state is motivated by the need to be closer to family, for better job opportunities, or a better environment, the path to relocation success and reduced stress when moving is likely dependent on how prepared you and your family are for the move.
Besides updating your resume, having a great cover letter, job seekers needs to be prepared to answer one very important question – When can you start your new job?
When competing against local candidates and if you are not part of a company relocation, a great tip is to address this question in your cover letter. In order to be prepared, consider the following 5 things that are important when relocating:
How long it will take to move from your current home?
If you are currently renting a home, confirm when your lease expires. What are the penalties for an early release? Even though your landlord states that “sure, we will release you from your lease,” that does not mean that the release is without cost. Read your contract and get something in writing from your landlord if they agree to forego the penalty.
If you are selling a home, have a real estate agent preview your home and determine the average days on market in your area. This will let you know how long you can expect until your home sells so you can correctly time the purchase or rental of your next home. More importantly, the real estate agent will be able to tell you the estimated value of your home as you will need to know your expected net profit that you may need to apply to moving costs such as a down payment on your next home or new furniture.
What is your home buying or renting financial situation?
Home buyers next stop is to talk with a lender to determine:
- The amount of home mortgage the home buyer is eligible to purchase
- The down payment needed based on the loan
- How long the home buyers needs to be at new job before buying a new home
- If selling the current home necessary prior to buying or renting a new home
Even if you decide to lease or rent a home prior to buying your next home, it is a good idea to talk to a lender to see how long you will need to rent before becoming eligible to buy. For instance, if you qualify for a loan in 6 months and you feel that gives you enough time to determine the area that you want to live, then you might seek a rental that allows for a short lease.
What is the cost of living in the area?
Be prepared to negotiate your salary or know if it is a good offer based on the cost of living for the area. The cost of living in another state will also help you understand if the salary offered is comparable to what you currently have or if you need a higher salary to maintain your lifestyle. It is important to understand how much you will be able to afford in either rent or mortgage payment. Of course, you will never know 100% until you have an offer, but you can search the cost of living indexes to get an idea of salary and price differences for groceries, housing, and utilities from a cost of living calculator.
Where will you live?
Once you have decided on renting or buying a home, you will need to start investigating where you would like to live. What is the culture of the communities in the area and access to amenities that are important to you? Schedule some time to take a community tour of the area. You might want to preview a few homes in your price point, but remember to know when you can move because unless you are 45 days close to moving, the rental properties your preview will most likely not consider your application. If you are looking to buy, a closing date longer than 60 days will not be viewed favorably by home sellers.
If you already know the town you want to live in, you are ahead of the game. Now is the time to talk specifics. Do you want to be in a pool community, near a golf course, do you want a lot of privacy or a small yard? Are schools important to you? Even if schools are not, remember that the school district can make a difference on your ability to resale a home.
If you do not know the exact town, a realtor can help you learn about the area. And when going on a job interview, talk with the recruiter or manager about best places to live that are easy commutes to your new job.
An additional great tool is the lifestyle home search that allows you to search for homes by your home personal lifestyle preferences. It allows you to search by schools, places of worship, shopping, restaurants, fitness centers, hospitals and many other custom features.
What are the cost of moving?
Consider the expense of traveling for a job interview and hotel accommodations. If you are moving yourself, start getting estimates from moving companies or storage companies. Again, these costs impact your bottom line if selling a home.
By having a well thought out moving plan, you will be prepared when your receive that job offer and by being proactive prior to your first interview, you will demonstrate to the hiring manager just how serious you are about making the Right Move and the Right Time and can start your new job right away! And doesn’t everyone business want a person who pays attention to details?
Michele Langley, SPHR and Broker is a relocation specialist with over 10 years of resume writing, and interview coaching experience. Her focus is in helping individuals, families and employees relocate to or within the United States by providing a positive relocation adventure through a professional real estate experience and proactive job search assistance. Learn more about her relocation services or Search for Homes for Sale in Raleigh to find your next home in the Triangle.
Originally published on Linked In https://www.linkedin.com/pulse/5-things-consider-when-moving-new-job-michele-langley-sphr-broker?trk=prof-post