I don't take a lot of guest posts on MMM but when I do, I want to know that they're going to be interesting for you, my lovely readers. This particular one from freelance writer Allison Hail piqued my interest, given we were in a similar position not all that long ago. If you're about to jump into the housing market and buy your own home, this one's for you. *** You might be wondering what's the easiest way to move out of your rental property. There's definitely a lot to consider, but if you follow a few key guidelines you’ll save yourself a truck load of stress. Don’t rush things Yes, if you're anything like me, the first house you view might seem like 'the one' (take it from me, I had my heart set on every one we saw) but don’t buy it on a whim just because you’re so excited to finally stop renting and have you're own pad! Finding a worthy space is bound to take a while, so give yourself plenty of time for planning sessions, researching the market and area you want to live in. Commit yourself to the process and be in it for the long haul. Treat each viewing as if you are a potential landlord critiquing it, investigating assets and features such as accessibility, distance from your workplace and necessary amenities, house structure, and positioning for sunlight. (This one's a biggie because you'll regret not knowing which way is north facing when you feel like you're living in a dungeon!) Noting all the potential negatives as well as the things you love will ensure you aren’t looking at outwardly appealing properties with rose-tinted lenses – after all, you'll be the one living in the home and responsible for fixing any problems that arise, like that pesky mould issue or the aircon that doesn't work in summer. 2. Budget for your mortgage You might be up for paying more for your mortgage than you are for rent, or you might be looking at a similar figure – but make sure you budget well for your payments. A mortgage isn't as easy to back out of as a rental contract. If you can, regularly put aside money as a safety net, which will help you to feel secure and ensure that you don’t fall behind in payments if something adverse happens in your life. Even if you're choosing to pay 'interest only' on the mortgage for a period of time, make sure you still have the full amount put away, if necessary. 3. Stay organised Naturally, buying a home requires a great deal of paperwork, so it helps to be organised and to know what to expect. There will come a time when you're hightailing it into the city to get a cheque for 20 grand, and you'll need all your ducks in a row. Carefully research your obligations as a unit owner, and make sure you are prepared to meet them before signing a contract. Some people choose to invest in an agent who will take care of all of this for you, but it comes at a hefty price and unless you're out of the country, I don't recommend it. And if you are moving from overseas... here are a few tips for repatriation. 4. Remember your landlord So, you’ve finally found a place you want to buy! Don’t get so caught up in the elation that you neglect to consider your current place of residence. Remember to check the notice period for your rental property so you can offer your landlord advanced notice. It's all in the timing. You don’t want to be forced to pay a month’s rent for a place you won’t be living in, and it’s good to consider all parties involved – ending a contract or agreement on good terms is always a wise move. 5. Plan your move How are you planning on transporting your belongings? If your new place isn’t too far from your current residence, you may be able to recruit your friends (with the promise of a six pack and a pizza) to help you pack and move your furniture. (My tip: Start collecting those boxes early.) However, if you're moving house across cities or internationally, hiring professional movers will save you so much hassle. Just make sure you keep out all of those things you'll need sooner rather than later, because (especially if you're coming from overseas) shipping can take weeks if not months. International moves can be exceptionally stressful, as you will be separated from your belongings. You might like to consider renting a shipping container – built for durability, shipping containers are large enough to hold a decent amount of furniture and can be insured for peace of mind. Also, think about whether you'll be transporting all of your current furniture to your new home. If you won’t need all of it or are planning to redecorate (aka serious retail therapy), lighten your load now by donating, selling or even swapping your furniture for pieces you will soon need. Gumtree is a good one to get started on, just be prepared for lots of knocks on the door and potential buyers who suddenly back out. 6. Make yourself a toolbox When renting, you most likely had someone available to fix your fridge or a leak in the ceiling soon after you reported a problem. In your own home, any issues are your responsibility, so be prepared! Buy the necessary tools for repairs and ongoing maintenance. FYI, Ikea does a great mini drill! 7. Consider the furniture a new home will require Often, having been a renter means you haven’t had to worry about purchasing every single piece of furniture needed for a home. Don’t let yourself be caught out – make a list of the new furniture and appliances you’ll need, and arrange for them to be ready either before or as soon as possible after your move date. Sometimes things take time to be delivered and you don't want to be caught short without a couch or TV for several months. You'll also want to consider getting things like the internet and cable TV sorted before the big move. 8. Meet your new neighbourhood Before you move, get yourself acquainted with your new neighbourhood’s amenities. You’ll feel much more at home when you move in, if you already have a feel for the area and know where you can pick up food or petrol on a whim. If you've got children, of course schools are going to be a priority. Make sure you're in the right catchment for the school you've got your heart set on. Sometimes the same street can be split right down the middle and you're just a few houses out. 9. Enjoy the experience You’re finally paying your own mortgage instead of somebody else’s! If you follow your plan and treat the experience as exciting rather than terrifying, you’re sure to love the freedom that owning your place will give you. Moving to your first home is always rewarding – happy nesting! Allison Hail is a freelance writer residing in the North Island port city of Wellington, New Zealand. She especially enjoys discussing anything related to home living, travel, and lifestyle. To read more of her articles or simply say hello, visit Allison’s Perspective. *** Psst...If you're planning on staying in the renting game a little longer you might want to check out this post on the most affordable cities to rent in, in the world. Oh, and (shameless self promotion alert) if you haven't voted for Mint Mocha Musings in the 2018 Asian Expat Blog awards, it would be super appreciated by yours truly (Nicole). It's easy, just click the link and vote for me. :mrgreen: … [Read more...]
Repatriation is Not a Dirty Word!
It’s a Completely Different Ball Game: Tips to play it well! "Expat!" In my current circles, it’s a word tossed around between friends like a ball between team players in a sports game. Everyone has days where they hold on to the ball a little tighter, clinging on to all that it represents; especially when it's often the only way to survive in a foreign country. Other times we toss it away, eager to pass the ball on to someone else - sick of all that it means and brings…the distance from loved ones, the never-ending goodbyes, the isolation, the challenges. Expatriating is never easy, to start with at least….it takes time to rack up points on the board and feel like a winner in a new country. At the risk of overdoing the ball analogy, its like playing for a new team after years of bonding with another. Scary as hell, but once you bond with your new team, its high fives all ‘round…you play the game and you play it well! But what about repatriating - it's not a word that we bandy about with the same energy as we do expat! In fact amongst expats it's often a dirty word! After all, it means the ride is over…..the adventure is finished. We are homeward bound. Or as the actual definition says: “The process of returning a person to their place of origin or citizenship.” You are forever changed. Hell, I’m gonna keep using this ball analogy, I like it! Repatriating is a whole different ball game! I like how Naomi Hattaway sums it up in her post "I am a Triangle." For some expats entrapped in all that is expat life, it’s the unthinkable… no one wants to talk about it. For others, whose time is up, it’s the unavoidable and for many it’s the inevitable and more often than not the desirable….but whatever lures you back home, it usually comes with the age-old question, when is the right time to pack up and call it a day? Many of the expats I know (including myself) have been bouncing the expat ball for more than a few good years now……but in their heart of hearts they know it’s time to think about hanging up their boots and returning home. Once you get over the mental hurdle, it starts to come up in conversations more regularly, and is discussed more intently. Usually there are three big questions: Where to live? Where to work? And (if you have children) where to send them to school? Expats are expats for many reasons….amongst the most obvious, the desire for a change of pace, the excitement of life in a new country, the thrill of an adventure…….but it’s not all about the hair-raising shenanigans, it's also for the lifestyle it more often than not affords….and the career prospects it brings. Most of us are living in another country because our job or our partner’s job has taken us there; while it's often in a strange country, where your native language isn't spoken, the culture is poles apart from your own and you can't get a block of Cadbury's chocolate to save yourself (oh wait! That's just me!) there are also many benefits that come with the expat title. Whether it’s free or cheaper housing, paid school tuition, a driver, regular trips back home, health insurance and/or a higher salary than you were previously afforded, lower tax rates or no tax at all; it generally brings advantages you wouldn't normally get at home. Expats are often in countries less developed than their own which means everyday life is cheaper, whether it's eating out at local hole in the wall, the low cost of public transport, getting hired help at a fraction of the price it would cost back home, or being able to afford regular exotic holidays. And for some living the expat lifestyle, things like car payments, utility bills and groceries are taken out of the equation. It’s easy to see why expats become addicted to their new life overseas. Once the expat bug bites, it bites hard and giving it up, understandably no easy task. For many expats who moved away for two years and that two became ten; one child became three….returning home with excess baggage means your lifestyle expenses have probably changed quite dramatically, compared to life before moving away. This makes heading home particularly daunting when you know the cost of living is incomparable. Housing in your home country may have doubled since you left….the cost of food skyrocketed, school fees risen with the rest of the world and babysitters these days, well they’re not happy with a packet of chips and a good movie! Then there are the job opportunities. Many expats are in the countries they are in, for the sheer job availability factor. Back home, these kind of jobs just don’t exist and if they do, the pond is small. There’s also the psychological affect. When you go overseas as an expat everything is brand spanking new and different - while it’s challenging at times, it’s ok because you expect it to be. Your brain allows you to process these idiosyncrasies as all part of the "cultural" experience. When you go home, you expect things to be the same as when you left, but often they’re not and there's no putting it down to being in an exotic/bizzare location. Psychologists say, "The home expats return to can feel as strange as the foreign land they once travelled to!" While a lot of effort is put into expatriating, global companies are being asked to think about both ends of the deal these days or risk losing valuable employees all too soon after they’ve arrived home. So how do you repatriate and how do you do it well? 1) Be Emotionally Prepared There's no denying, it can be emotionally tough, moving, well anywhere! Repatriating, it's important to acknowledge, things WILL have changed, not just for you and your family but also the family and friends you're returning to. There's a good chance, your family and friends will treat you as the same person who left, and you’ll probably find yourself acting the same way. Those old patterns will take a while to change once you’re back home, and sometimes it may feel like nothing has really changed at all. Did you ever leave? This article in Reach to Teach Recruiting explains how important it is to Let It Go. Naturally, the bonds you've created with expat friends are strong - when you’re living in another country it can feel like you connect with an instant community of likeminded friends, but make sure you also keep in touch with old friends and family. With today’s technology…you have the ability to stay connected! It's easier to know what friends are up to, what’s happening in their lives and of course keep in regular touch with loved ones. Prepare your children mentally for the return home. Adjusting to move back home is a bigger challenge for children who have grown up in a different country. Make sure that they are feeling somewhat settled before putting them into another new school. Remember you can't recreate your old life, this is a new chapter. Keep travelling, even in your home country. Try to see things you've seen in an effort to quell that yearn for adventure. 2) Be Financially Prepared There are a few key things to think about when it comes to finances when you repatriate. You may have been a non-resident in your home country, for taxation purposes, so you'll need to re-register with the relevant taxation body. Make sure you renegotiate your contract if you are heading back home with the same company; if you're taking on a new job, make sure your salary is sufficient to cover the cost of living. Some points to think about: interest-free loans or loans at favorable rates to buy a house. Check local banks/building societies in your home town offering competitive fixed home rates like Newcastle Permanent. Ask about car or other living expenses; assistance for re-housing; food allowance; the cost covered or partially covered for children’s education; compensation for the loss of your spouse’s income. Be aware that, if you haven't kept a bank account open in your home country while you've been living overseas you may not be entitled to any credit (including a mortgage) on your return. Some repatriation experts recommend (if you are in a position to do so) buying a place back home while you’re still living away and going there for vacations and holiday periods. “This way, you develop your relationships within the community.” And when you go there to live permanently, it will feel more like home, where you belong,” says Gwen Sawchuck. Financial advisors say transferring money back home can be an option to manage savings, investments and mortgage commitments. Check out Mint Mocha Musings partner Clearfx. 3) Be Practically Primed Repatriating as a resident is naturally different in each country. Make sure you've organized a shipping company if you have things to take home; get quotes just as you did when you left. Check on pet relocation/quarantine guidelines, schooling for your children (do you need to have deposits down in advance?) research where to live, the best suburbs and what you can realistically afford. Investigate the jobs market…how easy/hard will it be to find work. Organise for your mail to be forwarded and tie up loose ends with your current place of abode, including closing bank accounts, phone lines and housing leases. Check you're covered for medical care and dental care. Do make sure all of your documents like educational certificates, birth certificates, licenses, medical certificates, marriage certificates etc are not in the shipping and easily accessible when you return home. You'll need them. (Trust me!) The truth is….reality bites. Repatriation can be harder than leaving…and just as it does when you become an expat….it takes time to adjust. The game's not over….it's just a new season! "Cherish those memories and experiences, but don’t judge the present against them. There are so many more adventures to find, so many more journeys to take—but you will never see them if you’re always turning your face toward the past." … [Read more...]