When you're offered a new position in a new location, it's tempting to answer immediately. Getting the job of your dreams is what the American Dream is all about, right? Before you sign any contract though you should consider all the ramifications of the move before agreeing to a move. It's tough to know what to do first, but here are some considerations to think about before accepting.
There's no way to know what kind of home you'll want at the new location until you've visited. The trip to work might be manageable if you're commuting from west of town, but it might be a nightmare from a different direction. You won't know this unless you've visited and checked out all the details of the city and the local transportation.
While you might be offered more money in the new location, if the prices of everything are more expensive, you're not really getting a significant bump in money. Housing costs, groceries, utilities, and other things you absolutely need to live shouldn't be more than you're spending now unless the bump in pay covers the added expenses. You'll really need to crunch the numbers, and visiting the area should help with figuring out if the salary change is worth the move with a significant cost of living difference.
Some large corporations have relocation services within the company. They'll send you to a coordinator who will be able to tell you what kind of relationships they have with vendors like moving companies or realtors. Some might also have connections with auto shipping companies if you end up flying out (https://www.americanautoshipping.com/auto-shipping-rates-calculator/). Always check with your employer about moving and relocation expenses before making any decisions.
You'll need to sell your old house and figure out where you'll live in the new location. The real estate agent should be able to give you a realistic estimate and timeline for selling your home. You'll have to figure out whether you'll be able to buy a new home in the new location, or if renting is an option until your old house sells. A real estate agent that suggests listing at the highest possible price might not be the best agent for selling your home. Selling quickly for a good price should be the target.
If possible, try to visit the new location where you'll be working before you accept the position. While the old company might have been perfect for you, the new location will have a different vibe. It might not be as friendly, as competitive, or advance your career as much as you'd like.
Along with your own needs as far as the company, you will have to consider your family's needs. Will you and your spouse be able to make new friends easily? Is your spouse behind a move to a new location? The children and the school district will matter in the new location too. You'll need to find out whether the schools and neighborhoods are compatible with what you want for your children.
Once you've decided to move to the new location, it's important to have a plan. Know whether your employer is paying for the relocation and how much you'll be paying. On moving day, utilities should be switched from one location to the new location. This will need to be planned ahead of time. The children's school records should be moved to a new school while medical records should go to a new pediatrician. Anywhere you have an account should know about the move including your credit card company, banks, insurance company, and pharmacy.
When relocating for your job, you'll have to consider what you're leaving behind as well as what awaits you in the new city. This includes the impact it'll have on your spouse and children.
Written By: Eileen O'Shanassy