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7 Steps to Settling Down in a New State

After living in the same place for so long, you might be ready for a change of scenery. If you’re on your way to Raleigh, Marti Hampton can help you find and buy your next home! In addition, these tips will help you execute your move to a new state.

Learn About the Cost of Living

Depending on where you’re relocating from, the costs of living in your new state may be higher or lower than in your current state. Use a cost of living calculator to compare your destination to your previous home so that you know what to expect. However, understand that even if the cost of living in your new location is slightly higher, there are all kinds of factors that could make this worthwhile, from climate to job availability.

Start Job Hunting

Job hunting in a new state can pose unique challenges. Research the top employers in your new area, and find out which companies offer great compensation packages. CareerSidekick also recommends finding out if your current employer has open positions in the state where you plan to move. 

During interviews, hiring managers may ask you about your reasons for relocating. Be ready to talk about your moving plans, and demonstrate your commitment to your new area.

Open a Business

Maybe you’re viewing your move to a new state as a fresh start for your career, and you’re ready to take a chance on entrepreneurship rather than applying for traditional jobs. Take some time to write a business plan before opening your own company. As you create your plan, write down details about your products and services, your sales approach, your budget, financial forecasts, and funding requirements.

Give careful consideration to your business structure. Registering your business as an S corp in NC has several benefits compared to other business structures. For example, S corps offer limited liability protection. In addition, S corps can help to save on taxes by allowing owners to pay themselves a reasonable salary, which is then subject to payroll taxes. Setting up a North Carolina S corp requires six separate steps. 

Find a House

If you’re house-hunting in a state that you don’t know much about yet, you will definitely want to work with an experienced local real estate agent from the Marti Hampton Team who has been working in the area for several years. They will be able to give you valuable recommendations on which neighborhood might fit you best. 

Make sure to look for a home that will offer you a reasonable commute time. Living too far away from your job can drive up your transportation costs and leave you with less time to spend with your family. 

Prepare for Moving Day

Once you’ve had an offer accepted on a home, you’ll be ready to create a moving plan. Put together a timeline that outlines all of the tasks you will need to complete before, during, and after your move. 

Start packing a couple of weeks before your actual moving day. Additionally, you will want to make sure you budget for movers. You may want to ask your friends, family, or real estate agent if they have any recommendations for moving companies.

Make New Friends

Forming a new social network in a state where you don’t know anyone can certainly be challenging, but it’s far from impossible. Seek out opportunities to meet new people as soon as you move. You may want to attend social events with your coworkers, sign up to volunteer with a local charitable organization, or look for hobby groups in your city.

Consider Purchasing a Home Warranty

Although home warranties are not required, they can provide peace of mind for homeowners. A home warranty is a service contract that covers the repair or replacement of major home systems and appliances. Most home warranties are valid for one year and can be renewed annually. Homeowners can purchase a home warranty when they buy a new home. Be sure to check the home inspection report for red flags and potential issues. Research policies and costs and find out if a home warranty is worth the cost

Moving to a new state can represent a major lifestyle change. But sometimes uprooting yourself is exactly what you need! As you choose a location, find a home, and even start a business, you will be ready to execute your move and find a home in your new city. Once you move in, start making new friends and consider investing in a home warranty.

Photo via Unsplash

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