Topic
Published
July 31st, 2024
Written By
Kerry Daniels
Kerry is Crown's Director of Sales and Customer Success for the UKI, Nordics and European region based in Prague.
Kerry joined Crown in 1994 in Dubai and has lived in various countries around the world. Kerry is an expert in relocation and understands the challenges faced when moving.
Get your free guide today!
Moving internationally is an exciting adventure, filled with the promise of new experiences and opportunities.
However, amidst the anticipation, it’s easy to overlook some of the hidden costs that come with such a significant transition. At Crown Relocations, we believe in preparing you for every aspect of your move, ensuring you’re well-informed and ready to face any financial surprises along the way.
In this blog I’ll detail the top six things you may not have thought about, and how to fully prepare and budget for your international move.
The Real Cost of Moving Abroad
Relocating to a new country involves much more than packing boxes and booking flights. Below, we delve into some of the often-overlooked expenses that can add up quickly.
Moving with Pets
If you’re a pet owner, your furry friends are part of the family, and leaving them behind isn’t an option. Moving with pets can be quite costly. You’ll need to factor in:
- Pet Travel Costs: Airlines charge fees for transporting pets, which can vary based on the size and weight of your pet.
- Veterinary Fees: Pets often require vaccinations, health certificates, and possibly even quarantine, depending on the country’s regulations you’re moving to.
- Pet Relocation Services: Professional pet relocation services can handle the complex logistics, but this convenience comes at a price.
Storage Fees
Not all your belongings may make the initial trip to your new home. Whether due to space constraints or the need for a temporary storage solution while you find your footing, storage fees can add up:
- Short-term Storage: This is often required if there’s a gap between your moving out and moving in dates.
- Long-term Storage: If you’re not ready to bring everything with you immediately, long-term storage can be a convenient option, though it comes with ongoing costs.
Import Taxes and Customs Duties
Every country has its own set of regulations regarding the import of goods. You may find yourself paying:
- Customs Duties: Taxes imposed on imported goods can vary widely based on the item and its value.
- Clearance Fees: Handling fees for customs clearance can add another layer to your expenses.
Rental Deposits
Finding a place to live is one of the first tasks upon arriving in your new country. Be prepared to pay:
- Security Deposits: Landlords typically require a security deposit, which can range from one to three months’ rent.
- Advance Rent: Some countries may require you to pay several months’ rent in advance, adding to your initial financial outlay.
Utilities and Internet
Setting up your new home involves more than just finding a place to live. You'll also need to connect essential services:
- Utility Deposits: Electricity, water, and gas providers often require a deposit to start service.
- Installation Fees: There may be costs associated with installing services like internet and cable.
Healthcare Insurance
Healthcare systems vary significantly around the world, and having adequate coverage is crucial:
- International Health Insurance: Ensuring you and your family have access to medical care in your new country is essential, and this often requires purchasing international health insurance.
- Local Healthcare Plans: Some countries require you to enrol in their national healthcare system, which might come with registration fees or mandatory contributions.
Preparing for Your Move
Understanding these hidden costs can help you better prepare for your international move. Here are some tips to manage your budget effectively:
- Research Thoroughly: Investigate the cost of living in your destination country, including housing, utilities, and daily expenses.
- Get Multiple Quotes: For services like pet relocation, moving companies, and storage, getting several quotes can help you find the best deal.
- Consult Professionals: Work with relocation experts who can provide insights into the costs you might not have considered.
- Budget for the Unexpected: Always set aside a contingency fund for unexpected expenses.
At Crown Relocations, we’re here to support you every step of the way. From expert advice on handling customs duties to helping you find the right health insurance plan, our team is dedicated to making your move as seamless as possible.
Moving internationally is a significant step, but with the right preparation and guidance, it can be a smooth and exciting transition to your new life abroad.