The prospect of moving abroad is for many, a dream come true. Let’s be honest, most of the time we’re unable to move abroad unless we have a job opportunity in another country. Other times, there might be an older couple or investor that has amassed enough wealth to get up and go. It doesn’t matter what your personal circumstances are, you’re all in the same boat. Moving abroad is exciting if you know what’s going on in very good detail. Where are you moving to? What kind of property are you looking for? What hopes have you go the kind of quality? Where exactly will you be located in your chosen city or town? Are the rent prices affordable? Do you know the tenant and landlord laws of the land? What kind of assistance comes with the contract you’re going to be signing, such as flood protection etc? What kind of area and people will you be living among? There are so many questions you need to answer before you even start packing your bag and suitcase. But how do you get the answers you need?
Be accurate and read the news
The best way to be informed about the country and location you’re intent on moving to is, to simply read the news. There are many services online such as Google News which you can use to accurately pinpoint the location of your interest and see what’s going on. You can get a gist of the crime rates in the area, what kind of local laws are going to apply to you if you move such as council taxes etc. Accurately locate the neighborhood which you want to move into and learn about what kind of area it is regarding amenities. Do you have shops nearby that you would use? Exactly where the location in a city, i.e. is it central or further away. You can get a sense of what kind of rent prices you’ll be paying by looking up various real estate agent websites in the area. Each time you are interested in a new area you should follow this exact method to get accurate estimates of the living conditions, lifestyle choices and overall property rent prices.
Is it suitable for you?
The culture, laws and quirks of your country are not going to be the same of the nation you intend to move to. Regardless of whether you’re moving from an English speaking nation to another, there are always big differences that you need to know. That’s what makes this world so great, is that we have such a wide array of cultures, languages, laws etc. Consider reading up on these real estate guides and resources if you intend to move to Malaysia for example. The question is would it suit you, and would the style and standards of apartments be to your liking? One of the pieces delves into the nature of the area, such as a bad or good neighborhood, the surrounding areas with regards to traffic, shops, sights etc. There are questions you might need to answer or get answers for with regards to apartment damages, such as during floods, burst pipes. Do the utilities stack up to your liking also, such as electricity voltage at your disposal, what about the internet accessibility and speed? This has become a very important concern for modern professionals that use the internet quite frequently. A last but not least consideration is the rental prices and whether you can afford them. Some areas might be subject to rapid growth and price hikes, so be careful before entering into a long contract.
By word of mouth
Talk to some people who have either lived or rented in the particular country you are planning on moving to. Sometimes the best information is diverged by word of mouth. You might need to take their opinion with a pinch of salt however as every experience is subjective to specific circumstances. Talk to them about the culture that they were in and the relationship with their landlord. Ask for any moments of when they when they had to fix something in their property and if the landlord was of any use.
Moving abroad to start a new life is very exciting but fraught with big challenges. Firstly, don’t get swept away by the culture and new experiences you will have, think logically about your financial and professional future. What kind of neighborhood are you moving to and how will it best suit your needs? Consider reading various articles that go into detail about the local area with regards to property prices and crime statistics for a start.
About the author
Matt Angerer is the Founder and President of VerticalRent. He enjoys writing on a variety of topics that help Landlords, Property Managers, and Renters across America. He is particularly interested in helping renters understand their local marketplace, pick the best places to live, and find an awesome roommate. Since 2011, VerticalRent has grown to service over 100,000 landlords and renters across America.