It might surprise you to learn that the average house in the US costs approximately $507,000. With housing costs projected to rise even higher in the coming years, some people are considering whether they should leave their state for one with a cheaper cost of living. While moving states can save you money in the long run, it can be an expensive process if you don’t handle it correctly. Let’s explore the key information to keep in mind when looking to minimize your costs while moving.
In this article
Hire Movers
At first glance, this might seem counterproductive. However, hiring movers can help you save a substantial amount of time and prevent issues you may have otherwise encountered. Movers know how to properly handle fragile objects and can even pack your belongings for you. This allows you to focus on the other nuances of moving states, such as selling your home. In some cases, hiring movers can also help you save money. Consider if you’d need to take multiple days off work to pack and relocate your possessions. This could cause you to forego more money than you’d spend.
Sell For Cash Selling a cash house will help you sell it faster than average in most cases. It also has the potential to be far more profitable.
Cash buyers generally want to purchase properties as soon as possible, and they tend to offer more than the asking price to sway the owner. Keep an eye out for cash buyers so you can take advantage of this opportunity. Depending on market conditions, it might be difficult to find someone willing to pay more than the listing price. With enough due diligence, though, you can connect with a buyer who offers enough money to offset your moving costs.
Negotiate with Your Job
You may be able to negotiate a relocation package with your job before moving. Some companies will provide compensation and perks for a move, such as additional PTO. This is especially true if you transfer to a branch in a new state or get a job at a company with a robust onboarding policy. There’s no guarantee your employer will accommodate you, but it never hurts to ask. A simple conversation could be life-changing.
Understand Your New Home’s Unique Circumstances
It’s not uncommon to move to a new state after acquiring a home in unique circumstances. For example, a loved one who passes away could leave you their home as part of their estate. This resource can help you learn more on inherited homes so you can make the best decisions for your situation.
Prepare Before Moving States
Some people get distracted by the cost of living in another state and neglect how much they’ll spend to get there. The moving tips in this guide can help ensure you make the best decisions when moving states.
Looking for other lifestyle info that can help you make better decisions in the future? Our blog has plenty of articles like this one. Be sure to check them out today!
