If you’ve recently been hired for a new job and your future employer is asking you to relocate, you don’t have to cover the expense alone. You can ask your new boss to provide you with relocation assistance. Make sure you ask for enough money to cover the whole expense, because the cost of real estate in the United States has gone up in the past decade. Million dollar homes are now selling at twice their historical average sale price. Make sure you also get some advice on determining home worth, because homes are often listed at higher than their estimated market value.
After you request relocation assistance funds from your employer, it’s time to start thinking about where you want to live. You can get your moving plans straight and start making decisions about buying a new house and moving to a gated community. In the United States, 10% of the occupied homes are located in gated communities. This is a popular option because traffic is slower and there are fewer cars behind the gates, making it quieter and safer for children to play and ride bicycles within these neighborhoods. If you’re wondering how to secure funding from your new boss for finding a dream home, keep reading to learn some tips on getting relocation assistance.
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1. Know what to expect
You should definitely try talking to people who have previously gotten assistance relocating for a new job so you know exactly what to expect. You should try to find out things like what is normally covered as well as how much they should offer. Some of the best companies will offer full compensation for all of your costs, meaning that that they will cover everything regardless of what the expense is. Some companies however will only give you 50% to 75% of the total cost, so you should be mindful when thinking about how much it could be to relocate.
2. Get their commitment in writing
Even though you may fully trust your future employer, you should definitely get whatever they commit to pay for in writing. This is because people can sometimes have miscommunications and you want to make sure you are both on the same page. It’s also a great idea to just make sure that they don’t forget what they said, because you both probably have a lot on your minds and you might not remember the specifics of your conversation. Really, the best course of action is to make a written copy of all verbal agreements and make sure each party has a copy.
3. Find out when they are going to pay
They might plan on reimbursing you for your costs right away, but you also might need to wait several months and submit your proofs of purchase before they will pay anything. It can be a lot of money to cover the whole cost of your expenses for many months, especially if you are beginning a new job, so you should try to get them to commit to paying you as soon as possible.
4. Ask for help
You are moving to a new place that your employer is familiar with but that is completely unknown to you and your family. You should ask your new employer to provide you with an independent advisor who can suggest ideas. This includes tips on child care, where to best neighborhoods are, where to go for the best school systems and how to find a local Realtor. Find out more about this topic here.