Beginning a new chapter in a new location is exciting, but the responsibility of moving, finding a new place to live and assimilating yourself to unfamiliar surroundings can be stressful. When you have a family to consider, it becomes even more difficult to stay focused on your new job while dealing with the logistics of a move.
Below are some helpful relocation tips that will assist in making the process more streamlined from our experienced Network Real Estate agents.
- Take advantage of employer assistance. Many companies give employees who are relocating for work special support. Some companies may have programs that pay for moving expenses such as transportation, house searching and storage; other companies' relocation packages may grant you a few months of free temporary housing as you get settled. Some may even offer access to a Realtor to help find a permanent place to live. Whatever the terms, it’s important that they are fleshed out and agreed upon in your relocation contract.
- If you do not receive a relocation package, ask for it. If your new employer does not offer you relocation benefits and services, you should ask for them. Your work is valued and your insight is appreciated. Research and prepare all of the realistic expenses that you anticipate in order to move. Speak with a human resources representative for a better understanding of your company’s policies, and then negotiate a relocation package of your own. Relocation assistance is a big financial help, but it also puts your worries at ease so you can focus on performing your best at your new job. Develop ideas that benefit both sides, and be sure to get your agreement in writing.
- Determine if your moving expenses are tax-deductible. Staying up to date on tax laws is often overlooked in relocation policies. You may be able to deduct moving expenses if your relocation was due to a change in your job or business location, or because you started a new job or business. You must meet three requirements: your move is closely related to the start of work; you meet the distance test; and you meet the time test. For more information from the IRS, click here.
- Stay organized and plan. Approach your move strategically, and give yourself plenty of time to arrange for movers. The more organized you are, the less money you’ll spend on last-minute arrangements.
- Become familiar with your new environment. Choosing a place to live is almost as important as making a housing or apartment selection. Are you looking for quiet streets or a busier, active area? Which has the best education system? Are you looking for a tight-knit community, or would you prefer solitude and privacy? How safe is the area, and how far are you willing to commute? Thorough research and careful planning are essential to a successful transition, and speaking with friends, family and future coworkers who are familiar with your new environment will provide you with more insight than researching statistics on the Internet.
- Factor in the needs of your family. Planning your relocation becomes more challenging when you factor in the needs of your family. It’s a big adjustment, and leaving your security network is not always easy. Properly preparing your family for the move alleviates stress and reassures them that it can be fun and exciting. If you have children, you'll need to help them adjust to new schools and social circles. Be prepared for some adjustment and growing pains as you navigate the move. But above all, take the time to determine that the residential, social and practical aspects of the move make sense.
- Keep important files with you. Make sure all of your important documents are accessible: birth certificates, passports, moving papers, financial records, identification for each family members, legal documents, school and employment records, vehicle documentation, medical records, et cetera.
- Don’t be afraid to ask for help. Whether you’re packing your own belongings or arranging for a yard sale, remember that your support network is there for you. Friends, family and neighbors have all experienced moving pains. Do not be shy about accepting help!
As with any important life decision, relocating for work requires careful planning and research. Set yourself up for success by being proactive, organized and methodical about your big move. And if you’re relocating to the Wilmington, North Carolina area, Network Real Estate
can help with the transition. Contact us
today to get started with one of our experienced local Realtors.
Kevin McKoy is a GRI-certified, licensed real estate broker at Network Real Estate, which has exclusively served a high volume of property sales and purchases in the greater Wilmington area for over 30 years. With three offices at College Road, Historic Downtown and Pleasure Island, Network’s brokers are widespread and well-versed in this marketplace, making Network a preferred Real Estate company for first-home buyers and beyond.