Moving to a new city

Moving to a new city

A lot has to happen before you find your favorite neighborhood spot in your new town. These tips could help address some of them.

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Review your financial relationships

Negotiate time to find housing

Compare the benefits of renting vs buying

If you want to keep working with your local financial advisor, discuss how a long-distance relationship would work. Also see if the banks you’ve been working with are as accessible in your new town as they are in your current one.

When you’re moving for work, try to negotiate enough time to stay in corporate housing so you can get to know the area and find a suitable place to live. 

If you have the opportunity to choose between renting and buying, consider how long you plan to stay in your new city and if the costs of renting are about the same as owning.

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See if pets are welcome

Make a list of everything you need to move

Ask movers about fees

If you’re renting, even for a little while, try to learn about pet-friendly policies before you hit the road. 

Before calling the movers, make a list of everywhere you’ve stored stuff — storage units could be a good place to start — so nothing gets left behind.

Discuss logistics and furniture so you know how much you could really end up paying. Stairs, for example, could trigger an additional line item on your bill.

1

Review your financial relationships

If you want to keep working with your local financial advisor, discuss how a long-distance relationship would work. Also see if the banks you’ve been working with are as accessible in your new town as they are in your current one.

2

Negotiate time to find housing

When you’re moving for work, try to negotiate enough time to stay in corporate housing so you can get to know the area and find a suitable place to live. 

3

Compare the benefits of renting vs buying

If you have the opportunity to choose between renting and buying, consider how long you plan to stay in your new city and if the costs of renting are about the same as owning.

4

See if pets are welcome

If you’re renting, even for a little while, try to learn about pet-friendly policies before you hit the road. 

5

Make a list of everything you need to move

Before calling the movers, make a list of everywhere you’ve stored stuff — storage units could be a good place to start — so nothing gets left behind.

6

Ask movers about fees

Discuss logistics and furniture so you know how much you could really end up paying. Stairs, for example, could trigger an additional line item on your bill.

of those who currently have a savings account chose their bank or financial institution for their savings account for low to no fees, followed by easy account opening process (28%), it being a bank that they already did business with (28%) and customer service (24%)

The Financial Literacy 2020 Survey was conducted by Marcus by Goldman Sachs® in March 2020 among 2,516 Americans. Savings accounts defined as savings accounts, certificates of deposit (CDs) and money market accounts.

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This article is for informational purposes only and is not a substitute for individualized professional advice. Articles on this site were commissioned and approved by Marcus by Goldman Sachs® but may not reflect the institutional opinions of Goldman Sachs Group, Inc., Goldman Sachs Bank USA or any of their affiliates, subsidiaries or divisions.