A change of pace.
A change of scenery.
A change from the hustle and bustle.
If you’re looking for a sea change, it’s tempting to get up a go at the first opportunity. But, it does require a bit of planning to set things off without a hitch.
Here, we’re sharing our top tips if you’re looking for a sea change and with the best places to start.
Do Your Research
Although making a sea change is certainly exciting, you’ll want to do a lot of research leading up to the move. That means budgeting and considering your day-to-day requirements.
For example, you might overshoot your budget when considering buying property that needs a reno. Plus, you’ll need to consider schools and healthcare facilities nearby.
Do your best to really envision yourself living there for the long haul by thinking about what you do day-to-day in the city and how you can maintain the important things in your life in a regional area.
Get to Know the Area
It’s easy to see all the positive aspects of a quiet, beachy town when you’re there on holiday. Making a sea change and living there full time, however, is often a very different experience.
So, make sure you’ve been to the area quite a few times before committing to a move. Especially if you’re planning to let go of your city property for good, it’s important that you do everything you can to avoid regretting your decision.
Understand City vs. Regional Markets
On the surface, regional properties are a lot less expensive than what’s available in major cities. However, regional properties often encapsulate huge plots of land and include larger homes which may mean you’re still paying a pretty penny.
Plus, if you’re selling your city digs, make sure you understand the difference between the markets. In other words, you don’t want to be stuck out of being able to afford city prices if you decide to move back.
Start with Renting
To avoid any property mishaps during your sea change, you might consider renting before you buy. That way, you can really get a feel for what it’s like for a good six months to a year before committing to a down payment.
It might cost more per month than a mortgage but you’ll save in terms of peace of mind.
Pros and Cons
As with anything, a sea change offers both pros and cons. So, let’s quickly explore a few major pros and cons to help you decide whether a sea change is really what you’re looking for.
Pros of a Sea Change
Again, regional property usually gives you more bang for your buck. Live in a gorgeous home with stunning views for much less than you’d pay for the same amount of space in the city.
More relaxed lifestyle
When you yearn for a sea change, you’re probably really yearning for a change of pace. You crave slower days and less of the hustle and bustle. Moving to the bush or the beach can certainly offer this more relaxed lifestyle.
Cleaner natural environment
There’s something magical about fresh air and it really makes difference. Making a sea change offers a cleaner natural environment versus some of the dirtier aspects of city living.
Cons of a Sea Change
Less social interaction
If you’re used to a busy social life, you can expect your social interactions to slow down after a sea change. Nightlife is scarce and if you’re way out in the bush, even a small cafe won’t be close by. So, it might be an adjustment in terms of seeing friends and family.
Not as many things to do
A sea change also might be fewer things to do. In regional areas, you won’t have the convenience of things like museums, restaurants, and events happening locally. Still, you can make your own fun by taking more bush walks or learning to surf.
Finally, if you’re not retired, you’ll notice that regional areas have a much smaller workforce. This can make it difficult to find quality professionals like accountants and financial planners.
However, these days, many professionals can help you out remotely. For example, our expert paraplanners at Clique are only a call away and can prepare financial documents for financial advisers from anywhere in Australia.
Overall, making a sea change might be exactly what you need. And with a little bit of preparation, you can certainly make it happen sooner than you think!