Thinking about seeking your fortune and moving overseas? There is no person in this world that hasn’t thought about the same thing at least once in their lifetime. Although this idea sounds appealing and romantic to many, very few people actually commit to fulfilling this desire. New surroundings, new community, new lifestyle… a whole new world. And as it usually goes in life, with any new opportunity there is also a new challenge. Not only will you have to adapt to a new culture and get used to new social practices, but you’ll also need to adapt your budget and figure out a new way to control your finances. Not to mention, the daunting task of planning and organizing a successful international move. Luckily for you, U.Santini Moving & Storage is here to let you in on the biggest costs of moving abroad and help you move to your dream destination at a reasonable cost.
The biggest costs of moving abroad
Moving countries is a huge milestone in one’s life. But it is also a giant leap into the unknown that brings a myriad of emotions, concerns, and questions. First and foremost, if you are firm in your decision to leave everything behind and embark on this adventure, we congratulate you on your courage and determination. You should know that not everybody has the guts to do so. We assume that one of the most troublesome questions in your head right now is “How much will this cost?” Unfortunately, there isn’t a simple answer. You will need to evaluate your situation very carefully. Since everything depends on the country you are moving to and your personal needs. However, we will try to give you some general insight into what will be your biggest costs of moving abroad. If you need any help, your International Moving Companies NYC are more than happy to give you any additional information.
The costs of shipping
Even moving across the country can be quite costly. And as you can imagine, moving across the globe is more often than not sky-high expensive. Sadly the typical international moving costs for distant overseas moves can easily exceed $10,000. Your biggest single expense will be hiring a moving company to move all your goods. Depending on where you are moving your shipping costs can start at $1,000 all the way up to $10,000. You can get a quick quote on professional Movers Brooklyn, for a quick check on how much your move could cost you. Your cost will depend on a great number of factors and you need to take them all into account in order to be able to make a realistic budget. Here is a list of the main factors you will need to consider when moving internationally:
- The size of your move. The bigger your move, the bigger your cost will be. You will need to think about both volume and weight. Decluttering your belongings will be another step you need to make if you want to reduce this price.
- Distance & route. For further distances, you will need to pay a lot more. In this case, too, you should have in mind that some destinations are common and the price for them is cheaper and some are rarer and therefore, the price will be higher.
- Your transportation method. The transportation method you choose to use is another big factor in your final price. Shipping by sea is the cheapest possible option, whereas shipping by air is much more expensive.
Customs duty charges and taxes
For residential moves, customs duty charges and taxes are usually not that high. In fact, most countries have duty-free policies for importing used household goods for personal use. But, for certain goods, you may or may not need to pay customs duty. For example, certain foods or a vehicle. This will vary from country to country and you will need to do your research on your own. If you are moving to Europe, have a look at these most common customs tariffs. The United States, for example, allows most goods for household use to be moved duty-free whereas the United Kingdom has more complicated rules that depend on where you’re moving from. Moves from within the EU, at this time, are still exempt from duty charges, but if you are coming from outside the EU, you’ll have to pay some duties and taxes.
Moving insurance costs
There are many moving companies that include insurance costs in their quoted price, but not all do. If you are in the NYC area, local Movers Brooklyn is a company we recommend you rely on. If you chose the cheaper option of sending your goods by sea, you’ll want to make sure there’s some sort of maritime insurance policy. In case your chosen company, doesn’t offer full insurance, don’t hesitate to pay some extra money since it’s very important. We are sure you wouldn’t want to have a policy that doesn’t cover the full value of the loss, theft, and/or damage to any of your goods.
Once you arrive in your new country, your number one cost will be housing. However, be aware that what taxes and fees are involved when it comes to housing, can vary widely from country to country. In the USA, property prices outside the big coastal cities are much much lower. Yearly property taxes vary from 0.28% in Hawaii up to 2.29% in New Jersey. On the other hand, there are countries that have no direct property taxes. For example, in the UK, you will pay something called stamp duty when buying a property, which can be up to 12% of the purchase price. When looking for a property, it’s important that you understand all fees, charges, and taxes you will be liable for, given the type of housing and the country you live in.
We hope that we were able to give you a better idea on what your biggest costs of moving abroad will be. You can contact us anytime and we will gladly help you calculate your upcoming international move. And remember that challenging roads often lead to the most beautiful places.