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I have a job interview on Monday for an internal company transfer. The good thing is that if I am offered the position it is in one of the cities that I have been considering as a retirement location. The downside is that I would need to decide the best way to do the move and what to do with the home I currently live in and own.
If offered the position I would need to move and find rental housing within 30 days for myself and 2 dogs.
My dilemma is how to handle my current home most cost-efficiently. I don't want to sell it until I know whether this new job will work out and I like the new city.
My thought is to pack all of my furniture and household items into my bedroom and study, and rent out the rest of the house as a roommate situation so that the house will pay for itself and isn't an additional expense. I will need to check of course, but I believe that this option- leaving my belongings in the home and maintaining my residence there will keep me as a resident owner of the home.
I certainly don't want to pay the cost of a full household move without knowing whether I like this new area and that it will be a good fit for me.
Has anybody else been in this situation? Any thoughts or advice would be appreciated. I am a little intimidated and anxious- this is a very short timeframe and a potentially big and final move for me.
I have a job interview on Monday for an internal company transfer.
...it is in one of the cities that I have been considering as a retirement location.
How long until you retire?
How far from your current home is the new location?
Quote:
If offered the position I would need to move and find rental housing
within 30 days for myself and 2 dogs.
Does the company offer moving/transfer expenses?
Most offer something;many do so substantially.
Quote:
Any thoughts or advice would be appreciated.
Jumping into the deep end without important detail (see Q's above)....
on second though... I won't do that.
Its not a bad idea if you really had 100% confidence your roommate wouldn't take in addtional boarders, get 10 dogs and let them run amok, or strip the house and sell your possessions and disappear. So you really better know who that roommate is.
How long until you retire?
How far from your current home is the new location?
I am about 5 years from retirement. The transfer location is about a 12 hour drive from my current location, so if needed I could get back to check on the house.
Does the company offer moving/transfer expenses?
Most offer something;many do so substantially.
No, they won't pay for relocation. My only expense as such would be the rental, which is fine. I wouldn't move the household down until I was ready to sell my house.
Jumping into the deep end without important detail (see Q's above)....
on second though... I won't do that.
Interesting- I guess I don't think of it as jumping into the deep end, more like an opportunity to check out a possible retirement location while doing the job I do anyway.
Its not a bad idea if you really had 100% confidence your roommate wouldn't take in addtional boarders, get 10 dogs and let them run amok, or strip the house and sell your possessions and disappear. So you really better know who that roommate is.
Yes, agree totally. I would of course run all the background and employment checks, get security deposit, etc. If I did this I would put my belongings into a separate part of the house behind a locked door. I agree that it isn't ideal. I could put the household into a POD, but was hoping not to have to incur any more debt than necessary around this.
My hope is to find someone who would get a great roommate deal in a house where they would essentially be living alone.
The alternative to all this would be to just let the house sit empty, but then I would be paying house expenses on top of my own rent, and it seems it would be safer to have someone (thoroughly vetted) living there.
Another plan would be to put all the good stuff in storage POD and rent the house out using Air BnB or VRBO, but then I would need to hire a "manager" to handle all the local details, cleaning, etc. Not really too keen on this.
Clearly this plan still needs some more thought.
I appreciate the input, thank you!
How long do you expect it to take to decide if you like the job? 3 months? 6months? 1 year? If you don't like the job are you still able to go back to your job in your present location?
You might hold off putting your house up for sale for say 3 months - to see if you really dislike the job and want to return to your present job (if you have that option). Find a short term rental. If the job is OK, go ahead with selling your present home. Put the money in the bank and find a longer term rental to see if your really enjoy living in the area.
Only if you are very sure you want to stay in the area when you retire should you consider buying a home. There is nothing wrong with renting for a few years if you decide it is not the place where you want to retire.
How long do you expect it to take to decide if you like the job? 3 months? 6months? 1 year? If you don't like the job are you still able to go back to your job in your present location?
You might hold off putting your house up for sale for say 3 months - to see if you really dislike the job and want to return to your present job (if you have that option). Find a short term rental. If the job is OK, go ahead with selling your present home. Put the money in the bank and find a longer term rental to see if your really enjoy living in the area.
Only if you are very sure you want to stay in the area when you retire should you consider buying a home. There is nothing wrong with renting for a few years if you decide it is not the place where you want to retire.
If I don't like the job I can request a transfer back or to another location in a year. I would want to keep my current house for at least that year to see how I liked the job and the location. Although if I was certain I liked it I would prepare my house to put on market next February.
Yes, I would rent a small unfurnished apt until I felt ready to commit to the area. I am a minimalist so would just get a futon and chair for the interim, take clothes of course and basic kitchen/bath items with me.
This move would work best if I had someone living in the house to help defray the expenses. Even though I live in a great neighborhood, I also don't know that I would be comfortable leaving my house empty for a year.
I am also considering looking into one of the house-sitting websites. Does anyone have any experience with any of them?
I have experience owning a vacation townhouse in a sunny climate. We have a large closet, actually the pantry, which has a solid door with a lock. We put all of our personal items and items we use there but would not want to walk off. We rent the townhouse out through a property management company. We have neighbors that had a more secure vault system built into their walk in closet.
However, I suggest you sort & cull all your possessions now. Get rid of everything but the most valuable to you. And sell, donate etc anything that would cost more to move than you can replace, keeping only antiques & family heirlooms. If you sell your house, you want to be making decisions about possessions while you have time.
Now if you remove your newly sorted must keep clothing& shoes and necessary household items you will take to your new spot in a car, what is left? Can it all be boxed and ups shipped? If you have valuable furniture, I would have it moved rather than stored.
I would make the move and not look back. Getting your house ready and on the market ASAP will make for a better price. If you leave it with someone in it, you will have a very difficult time getting it sold. Houses are investments, you can buy another if you want to move back to that city.
I think it wise to move in your job to the place where you will retire. Good luck.
Thanks Historyfan for your thoughts.
Taking everybody's comments in mind, I decided to withdraw my application. I will start taking road trips this year to check out some of the places I am interested in, and take my time getting my house ready for sale so that next winter, if I still want to relocate, I will be ready.
Thank you all for your comments
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