Do you dream of picking up and leaving your home state? Do you wish that you could move to a warmer and better opportunity providing state? This is a common dream among Americans. Yet, it is a dream that many never accomplish. There are often too many ties to the home state that require many different aspects of planning. In many cases, it may seem close to impossible to move across state lines. If moving to a different state is a dream of yours that never seems to go away, these planning tips may help you actually achieve that dream.
Consider your career
Place of employment or current career is usually the biggest hurdle to moving. You will likely have to quit your current employment position and find a new one. This transition can be difficult, especially if you do not have sufficient funds to hold you over until you find something else. You also have to factor in the costs of moving. It is necessary to begin preparing for your career change, as early as possible. Inquire about possible job transfers to your new state of residence. If this is not a possibility, look at the job market in your desired state. Get an idea of any additional educational or work experience requirements you will need.
Submit an application to any open jobs you might be interested in. If you still need time to plan the other aspects of your move, begin making necessary career moves. Take on additional work responsibilities to pad your resume and volunteer on your off time to grow your job skills. Enroll in a class or two to increase your educational background on topics you are not familiar with. All of these steps can help you prepare for additional job requirements.
Evaluate your current and future housing needs
If you currently own your house, you will need to figure out how to buy a new home in your new location. You may find that the process of how to buy a new home in a different state is different than your current state. Also, keep in mind that property values differ, depending on the state. You may even receive additional tax benefits in different states. For example, if you buy a home in Florida and declare that it is your primary homestead residence, you will receive an exemption for the first $50,000 of value for property tax purposes (except for school district taxes which only receive a $25,000 exemption).
Consider how much you owe on your current home and what you could realistically sell it for in today?s market. If you are under water, you might need to wait until you can make a small profit. Modern home builders and new homes tend to hold their value the best. Buying a new home often requires good credit, so you do not want to damage your credit by taking a loss on your current home. Work with a real estate professional on pulling numbers and figuring out how to buy a new home.
Evaluate any relationships
Relationships are another common cause of staying in one location. If you are married or in a committed relationship, you will want to evaluate your relationship. Is your partner also interested in moving? Will they enjoy the new location? Will they be able to find employment? Will they be involved in looking for homes for sale or will they stay in your current home? Consider the advantages and disadvantages of moving in relation to harming your current relationships. This includes relationships with partners, family, and friends.
In 2015, at 30%, the primary reason for purchasing a home was the desire to own a home of their own. Yet, many homeowners desires change over the years. If your desire is to move to another state, you will want to consider all of your options and current deters to moving. You will need to find important information, such as how to buy a new home in your new state and what to do with your current home. With proper planning, you can make necessary changes and live in the destination you have always dreamed about.