Month: February 2022

Moving from an old home to a new one can be challenging, especially if you cannot control the timeline. Thus, sometimes you may need to move from your old house before finding the perfect new one.

Many options will involve storing your possessions. If you need to move early, inquire about storage possibilities with your professional mover. Most movers can easily store your goods until you need them.

Here are some options if you find yourself needing to move before you’ve found a new home.

Bunking With a Friend or Family Member

If the time between moves is short, you may consider moving in with a friend or family member temporarily. This option works better if you are single or have a small family. This option may be free or relatively low cost; however, it could damage your friendship if it continues for too long.

House Sitting

Some companies send employees on extended work assignments in other locations and may seek someone to stay in that employee’s house during that time. In addition, institutions, such as universities offer sabbaticals to faculty members, which may also provide an opportunity for house sitting.

You might find these opportunities by inquiring locally, but you can also join one of several online platforms for a nominal fee. You may even receive a small stipend, which would cover the cost of storing your belongings.

Short-term Rentals

Short-term apartment rentals are another option. Standard lease lengths are three or six months, although some apartments rent month-to-month. Short-term rentals typically come furnished, so you could store your furniture and belongings with the moving company until your long-term home is ready.

Calling a property management or leasing company is one way to find a short-term rental. You can also ask around; sometimes, people seek to sublet their apartments for short periods. Online platforms also offer the opportunity to search for short-term apartments with specific features.

Extended-stay hotels and corporate furnished housing are other options if your stay is short. These tend to be a little more expensive, however.

Leaseback Agreement

If you own your home and sell it before finding a new place to live, a leaseback agreement is another option. In a leaseback agreement, sometimes also called a sale-leaseback, you close the home sale as usual and then become the purchaser’s temporary tenant after closing. The rent will cover the cost of the buyer’s mortgage payment.

In some markets, leaseback agreements occur in about 25 percent of sales. The buyer must have a flexible moving date for this option to be feasible. If feasible, you could save the storage cost and only need to move once.

When the Time is Right

We can help you relocate to your new home. Contact us for a free quote. From packing to storage and more, we can help you plan your upcoming move and make it easy.

If you’re relocating your company to a new city, you will likely want many current employees to relocate, too. The key to successfully relocating employees is good communication. An employee relocation letter, which invites employees to relocate and explains their assistance, is part of that communication.

You could follow a template for your relocation letters. Or, you might consider the following tips for writing one yourself.

Identify the Reason for the Relocation Letter

No doubt, you’ve already announced that you will be relocating offices. However, stating the reason for the relocation and why you want the employee to be part of the relocation is essential for the record. Seeing the reasons listed in writing also may help the employee feel good about their contributions and be more likely to agree to relocate.

State the Effective Data

State when the move will take place. Set realistic dates to allow the employee a little time to settle into the new community before beginning work.

List What the Company Will Cover

According to the Worldwide Employee Relocation Council, the average relocation package for renters is about $21,000 to $24,000, and for homeowners, it’s between $61,000 and $74,000. To be clear, you’ll list which relocation expenses the company will cover. They might include:

• Moving expenses
• A paid visit to look for housing in the new community
• Temporary housing expenses
• Familial support such as job search help for the spouse or assistance in locating an appropriate school for a child
• Costs associated with selling a home, such as making repairs
• Cost of living salary adjustments, if relevant

The letter also should provide information about how the employee and their family can access the promised funding. For example, do they pay the moving company upfront and seek reimbursement later, or has the company contracted with a specific mover and is being billed directly? Is the company using a specific corporate housing organization for temporary housing, or is the employee to seek temporary housing on their own?

You may also want to consider adding a payback clause. The payback clause says that if the employee leaves the company within a specific period after relocating, they will have to repay some or all of the relocation costs.

Mention Tax Differences

Employees’ tax rates will differ if your new office is in another state. Letting them know the differences ahead of time can help them plan their budgets.

Highlight Bonuses

Depending on the situation, you may want to offer critical employees a relocation bonus. If so, you will highlight this in the relocation letter.

Note Details of the Job

The letter should note the employee’s job title and duties, especially if the relocation results in any changes.

Contact Details

Provide a name and contact information for someone the employee can call if they run into snags in their relocation. If they report to a different boss after the move, list this information, too. Encourage the new boss to make contact with the employee before the move.

Reassurance

Close by reassuring the employee of their value to the company. Tell them that the company is ready to help them throughout the relocation.

Company Relocation

Planning a company move takes a lot of planning, and we can help you develop an office moving timeline. Then we assign tasks and duties to our packers and drivers. Our team works together to minimize your business’s downtime. Get your free moving quote today!