If you’re moving to a new country, whether for work or because it’s something you’ve always wanted to do, you need to be aware of what it’s really going to cost you. You might think you have all of the financial aspects of the move worked out, but you won’t know for sure until you read through this guide and see if you missed anything.
Read on and figure out whether you do really have enough cash to make the move right now:
Costs Of Moving And Transportation
The one big expense that you’ll make is an international moving company to help you get your belongings to your destination. The cost will be based on various things, as follows:
- How big the move is. The more things you have to move, the more expensive it will tend to be. Weight and volume are big factors.
- The distance will play a big part. If you move further away, you’ll have more to pay.
- If you’re moving somewhere many people choose to move, for instance, a move from the USA to Canada or vice versa, you should find that the service is a little cheaper due to the competition. However, if the route isn’t often heard of, it’ll cost more.
- Shipping by sea is cheaper, and shipping by air is far more expensive. It’s up to you how you decide to have your goods shipped, but the last leg of the journey will always be undertaken by moving trucks.
As we said, the cost of this service can vary greatly, but you can expect to pay anywhere from $1000 to $10,000 depending on where you’re moving and how much you’re taking with you.
Packing And Unpacking
Some companies charge more for packing and unpacking. This is because many country’s customs documents need the moving company to vouch for you so they know that you haven’t brought anything illegal during the move. If you want to attempt to reduce this cost you’ll need to speak to your mover, but they can get a hefty fine for not checking over your belongings properly. Expect to pay a few hundred dollars.
If you’ve chosen to have your goods shipped via water, you’ll need to make sure you have an insurance policy to cover that. This could cost you around $100, but if you’re shipping unique and rare items it will cost more.
Customs Duty Charges And Taxes
Look up the customs duties in the country you decide to move to. The USA allows most goods for your house to be moved duty-free. The UK has more complicated rules and it will depend on where you’re moving from. The price varies wildly, and can be unlimited.
Visa Fees and Lawyer Fees
Applying for a visa is imperative if you plan to work or study. There’s a lot of paperwork, and sometimes you’ll have to pay a substantial fee. You may need to pay each time you renew your visa. If you need help with this kind of thing, you can learn more here. A legal professional will be able to help you get the complex international move right. You may pay hourly or a flat fee for a basic service.
Houses and taxes can vary greatly from country to country. Property prices outside big coastal cities in the USA are very low. However, you will have to pay property taxes each year. Make sure you look at more than the purchase or rental price, and know the yearly fees associated with the country you’ve moving to. Taxes in the USA will be no less than $1,000 USD per year.