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.
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.
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 Americans feel they have spent more time learning about financial matters since the beginning of the pandemic.
The Consumer Sentiment Survey was conducted by Marcus by Goldman Sachs in March 2021 among 1,501 Americans. Savings accounts defined as savings accounts, certificates of deposit (CDs) and money market accounts.
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