Relocating and buying a house in a new city isn’t a simple process. In fact, it’s downright complicated. From finding a Realtor and purchasing a home to planning a budget and coordinating a,
12 Tips For Buying A House In A New City
Relocating and buying a house in a new city isn’t a simple process. In fact, it’s downright complicated. From finding a Realtor and purchasing a home to planning a budget and coordinating a move, there are quite a few to-dos on that checklist. To make your moving experience an easier one, try these 12 tips for relocating and buying a house in a new city.
Determine your overall budget
To make relocating and buying a house easier, you should always determine your overall budget first. Start by figuring out how much money you have to work with for both the move and the home purchase. Then, research the cost of packing supplies, moving services needed and home prices in the new city. If you plan to use a full service moving company, be prepared to pay several thousand dollars for an interstate move. If purchasing a home, assess your savings and monthly income to figure out how much you can reasonably spend on a home. In addition to a down payment and monthly mortgage payments, you will need to cover closing costs, Realtor fees, homeowner’s insurance, property taxes and utilities. For help budgeting and saving for a home, check out Mint, an online personal finance tool.
Consider renting first
If you’re moving to a new city, consider renting first. This is especially helpful if you’re unfamiliar with the area. Renting gives new residents a chance to “try on” and test out a neighborhood before fully committing to it. If you know the area well and prefer to buy, then make sure to follow the steps below before buying a home in a new city.
Research the housing market online
Nowadays, the majority of home buyers begin their search for a new house online. All you have to do is enter the city or zip code in Realtor.com’s search tab to find up-to-date listings in the neighborhoods of your choice. You can also filter and customize the search to find exactly what you’re looking for. We suggest perusing the listings to get a better idea of neighborhood price points as well as inventory options. For more information on a specific neighborhood, check Moving.com’s city profile reports. Our reports include school information, cost of living, economic and residential data.
Visit the city before the move
There’s only so much you can learn about a new place online. So before moving to a new city, make sure to pay a visit (or several!). Not only will this help with getting to know various neighborhoods, but it will also give you a chance to meet with Realtors and house hunt in-person. For tips on buying a house long distance, check here.
Find out the city’s transportation options
From city buses and taxis to subways and ride-sharing programs, make sure you thoroughly research the city’s transportation options before relocating and buying a house. If you plan to use one of these options to get around town, you may want to find a new home located near public transportation. If the city does not offer public transportation near your neighborhood of choice, you may need to lease or buy a car once you move. This cost should be factored into your overall moving budget. For information on bus routes, subway lines and more, check with the city’s transportation office.
Consider the commute
Is it important that you live near your office? Or are you fine with a long commute as long as you get to live in your dream neighborhood? Remember: long commutes aren’t for everyone. According to multiple studies, they can even hinder your health and productivity in the long run. Business Insider points out that those without a long commute actually gain an entire week’s worth of productivity each year. So make sure to carefully weigh the pros and cons of a long commute before committing to that house in the ‘burbs. At the very least, we suggest renting first to see how you deal with the work commute in the new city.
Research crime in the area
Safety is important. So don’t put money down on a house until you’ve assessed the crime activity in the neighborhood. Several ways to do so include checking AreaVibes, Family WatchDog, NeighborhoodScout, CrimeReports and SpotCrime. Decide how much (if any!) crime you are comfortable with in a new neighborhood before house hunting in the area. For more information about researching crime in an area, check here.
Interview and find a reputable Realtor
One of the most important things you can do when relocating and buying a house in a new city is to find a reputable Realtor that fits your needs. He or she should have a thorough understanding of the housing market in various neighborhoods and should be able to help you make a smart decision about when and where to buy. A good buyer’s agent should be easy to reach (read: doesn’t dodge emails or phone calls) and should be able to send you listings that fit your budget and needs. We recommend meeting with a seasoned and trustworthy Realtor before the move. To find a qualified Realtor, search Realtor.com’s extensive network of licensed real estate agents.
Check whether your employer will cover the move
Moving for a job? Ask your employer whether or not they cover relocation expenses. Oftentimes, a company will pay for part or all of an employee’s move. If a relocation package is included with the job, be sure to save all receipts from moving companies and truck rental companies. Other moving expenses to keep track of include gas costs, temporary lodging and restaurant bills during the move.
Hire a reputable moving service to help you move
When relocating and buying a house, it’s especially important that you hire the right movers for the job. Whether it’s a moving container company or full service movers, there are a number of moving services that can take the weight off your shoulders. Since most job relocations involve long distance moving, you should make sure any service you hire is licensed and insured. Fortunately, Moving.com makes it easy. Every mover in our network is licensed and insured, so you can rest assured that your move will be in good hands.
Check out neighborhood listservs
After relocating to your new home, be sure to join your neighborhood listservs. From finding a handyman and connecting with neighbors to alerting you to crime and learning about new developments in the area, these listservs can come in handy when moving to a new place. Several community listservs to explore include Nextdoor.com and your local Facebook groups.
Connect (or reconnect) with people
Making friends and connections in a new city can be tough. To make it easier, start by reaching out to connections you already have (think: a friend of a friend, a work colleague or long lost friend). Next, try attending networking events in the area, such as your college’s alumni group get-togethers. A third way to meet people in a new city is to simply get involved in the community by joining a club or volunteering for a cause. It also doesn’t hurt to introduce yourself to the neighbors during the first few weeks in a new city. For more tips on making friends in a new city, check here.
Travis Zidek, Broker-Associate CADRE 01864676 Travis Zidek is a true professional who prides himself on the relationships he builds through helping his clients achieve their real estate goals. ....
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