Moving abroad can be an expensive exercise, however, with proper planning and enlisting professional help at the right time can help save money on your relocation package.
Making the decision to pack up your life and move to a new country is not the easiest one you will ever make. Smart planning and good research can help make your overseas move as stress-free and cost-effective as possible.
Here are our best tips to help you save money on your relocation package:
1. Negotiate the best relocation package with your employer
Many companies are more than willing to include moving costs, travel costs, and storage fees in relocation packages. There are a variety of relocation packages, which may differ from one employer to the other. Some of the payment options include third-party relocation, direct bill, reimbursement, or lump sum. Since the average move abroad costs upwards of $23,000, it’s a good idea to allow your employer to pay at least some of it.
2. Plan in advance
The more time you have to plan your move, the more prepared you will be, and that will make your move less stressful. This gives you time to donate or sell unwanted items, which cost a lot of money to transport.
It is a good idea to sell everything that is not sentimental or too expensive to replace. Not only will this free up some valuable cash, but it will also save money on your moving costs, since international movers charge by weight or volume.
In many cases, it may cost more to ship a particular item rather than to purchase a new item at your destination. Always check your furniture removal quotes and research replacement costs online before you decide to ship something.
Let movabroad assist in evaluating the volume of your shipment for free. Get in touch with your free international moving assistant today.
It is often cheaper to replace a car than to ship it.
3. Compare moving quotes & shipping options
It is always a good idea to compare moving quotes from at least three different international moving companies. In addition to comparing the price, also consider:
● inclusions and exclusions (the cheapest quote might cost you the most if you miss the fine print!)
● customer reviews (the bitterness of poor quality remains long after the sweetness of low price is forgotten…)
● type of haulage (exclusive container, shared container, air freight, moving truck) and security measures.
Ask moving companies if they have groupage services to offer. You may save quite a lot of money on your move if you are not in a rush to receive your goods.
No time to find and compare international moving quotes? Speak to movaboard. We will help you gather a variety of quotes for you to compare from our reliable network of professionally vetted international movers.
4. Save your receipts
Your may be able to deduct some of your moving costs and items donated to charity from your income tax. Meet with a tax advisor before you start packing and find out what you can and can’t claim.
5. Hire a professional moving company
Moving abroad entails a lot more than moving around your old neighborhood. Working with a professional international moving company will ensure that your move progresses smoothly. Professional movers also understand the intricacies of an overseas move and bring a wealth of experience to the table to save you time and money.
● They are fast.
● They have a truck.
● They have tools.
● They know how to pack without breaking your items.
● They provide international moving insurance
● They know how to clear customs on both ends without generating unnecessary additional storage charges and/or duties
6. Make sure you get your security deposit back
Leave the old house in the best possible condition. Read our post about easy hacks for basic home repairs to ensure you get your security deposit back.
Moving abroad is an exciting experience, but it is only natural that you will be stressed about your new life. However, if you pay attention to reducing the unnecessary costs associated with moving, you won’t have to worry about money as well.
7. Hire a house hunter to find your new home faster
If you will be arriving at your destination before your international shipment does, you could hire a house hunter to help you find a new home faster. The sooner you move into your new home the better, as it will save on costly temporary accommodation in a hotel or serviced apartment.
You don’t have to live in an empty apartment until your household goods arrive. Simply rent basic furniture until your shipment arrives. Let movabroad help you source basic furniture rentals!
8. Book cheaper flights
Booking one-way flights work out cheaper in the long run, as you are not tied to return flights. Consider hiring flight search professionals to help you get the best deal on your flights.
9. Consider excess luggage
Ask your airline if you may take excess luggage. It may be cheaper to take certain items along as excess luggage rather than sending it via air shipment with a moving company.
10. Consider buying a property
If you will be receiving a monthly housing subsidy from your company, consider buying a house instead of renting. The money you spend every month on a home loan repayment will go towards owning a property, rather than repaying someone else’s home loan. Also, you will be investing in your family’s future and have the security of home ownership.
11. Consider local schools vs. International private schools
Local schools are always cheaper than private international schools, and provide your children with a great opportunity to be immersed in local culture. Research the standards of education and the government’s commitments to schooling in your destination country before you move abroad, and speak to other expats to gain valuable insights into choosing a school for your children.
12. Organize a look and see trip
A look-and-see trip is the perfect opportunity to personally check out all the various factors related to your international move. You will also have an opportunity to meet with realtors, visit expat neighborhoods, schools and attend interviews with your future employers, if relevant.
Speak to your movabroad international relocation assistant today about your options or to book a look-and-see trip.