When you’re moving to a new city, especially for something like work, it might be extremely tempting to immediately put down roots and settle into your new location.
Especially if you have children, you might want to purchase a home to give them security after their move, and to make everyone settle in and feel more comfortable in your new surroundings. You’ll be a little more comfortable in your space if you’re the one who owns it, after all! However, there are a few reasons why you might want to consider renting (at least initially) instead of buying a home in your new city.
Plus, these considerations aren’t just for those who have just recently moved to new cities – these are factors to take into account for those who might just be looking into home ownership in general.
There’s no singular answer as to whether renting or buying might be right for you. It’s a highly personal decision that depends on where you’re at in your life, your financial situation, and really just whether or not you’re ready for home ownership. In addition to these personal considerations, you’ll also have to assess and take into account the state of the housing market in your existing or new area, and whether or not it’s a good idea to invest in a home right now.
If you’re just moving to a new city or town, it can be tempting to skip renting and just get settled immediately by putting down roots and buying a home. However, that’s a big commitment! Especially if you’re not familiar with a neighborhood or a city in general, you might not want to rush into buying a home there just yet. Additionally, if you’ve just moved long-distance and haven’t visited the area you’re moving to before, you might want to hold off on buying until you’re a little more familiar with the area and what each neighborhood around you offers. That way, once you’ve been able to adjust and figure out where you like and where you don’t, you can either start house shopping accordingly, or continue to bide your time.
Home buying is a huge commitment, and you shouldn’t jump into home ownership unless you see yourself living somewhere for at least the next 5 years. If you’re just moving to a new area and maybe aren’t familiar with the dynamic (or if you are unable to view potential homes in person), renting for at least your first year might be a better bet.
As we mentioned before, buying a home is a huge commitment, and you need to make sure that you’re ready for that kind of decision. When considering buying a home, especially in a new area, ask yourself some questions. Do you see yourself living in this area long-term? What are your personal future goals? Where do you see yourself in 5 years? If you have children, what do you see their future bringing in the next 5 years? Are you financially ready for home ownership? Before jumping into home ownership, make sure you’re personally and financially ready.
If you’re moving to a new area, you’re already under a lot of pressure with your relocation process. The last thing you probably want to do prior to coordinating a long-distance move is also trying to view and buy a home in a new area while you’re at it. Buying a home is already stressful and confusing by itself – throw a long-distance relocation into the mix, and you’re setting yourself up for stress! Give yourself a break, and maybe save the house hunt for after you’ve already lived in the area for a little while in a rental home.
No matter if you’re relocating across the street or across the country, home ownership is a huge commitment that shouldn’t be jumped into impulsively or without complete consideration for oneself or one’s current situations. However, whether you choose to rent or buy, it’s important to have the right movers on your side to make sure your transition goes smoothly. For all of your relocation needs, look no further than Chicago Movers for a professional and efficient move with great service. .
Tony and crew were prompt and professional on the move out of our house and Terence and crew were prompt and professional on the move into our house. Very neat polite respected our furnishings and our time. A big shout out to Troy who was the lead mover on both…
My move went very well. All of the people working for you were great. That includes the office staff, the movers in Downers Grove and the movers in Goodyear. The drivers and movers on both ends worked diligently, carefully and did not waste any time. They were courteous and neat.
Thank you for your wonderful service. I wish I could remember the gentlemen's names because I would tell you how wonderful each one was. I use the term gentlemen because they were. So patient and efficient. I would definitely use your services again and would recommend Hollander Moving to friends…
Moving 3 times in 2 ½ years is not something Lynn would recommend to anyone. For us, it would have been impossible without the assistance of Chris and his crews at Hollander Moving and Storage. We’ve done home-to-home, home-to-condo and condo-to-condo moves. In each situation, we found Hollander’s staff to…
Overall we were very pleased with our experience with Hollander moving. Mr. Bello, our contact in Mexico was attentive to our needs and questions. The ATI packing team was outstanding. It was a pleasure to watch them work together--a real spirit of cooperation. The morning we were leaving Mexico we…
-Tom & Janice
Hollander Movers were better than excellent. My move from Park Ridge to Des Plaines went without a hitch. We even had to make a stop to pick up items from a storage locker. Nick's crew was very careful and professional and even helped with unpacking and hanging some pictures. If…
Yes, all the crew members were excellent. We would recommend you. The movers were work horses, very pleasant, and took care of all of our belongings with great care. We are waiting for a call back from Adrienne Ross about an issue. I spoke to her on Tuesday and she…
-Kay & Mel
We were very happy with our move with Hollander and will recommend to family and friends in the future.
Good company. Prompt, professional & friendly service. I would recommend them to friends.😊.