Moving overseas is an exciting adventure, brimming with the prospect of new experiences and opportunities.
But while it’s easy to get swept up in the excitement, some of the hidden costs of an international move can sneak up on you. At Crown Australia, we’re here to make sure you’re prepared for every part of your journey, so you’re not caught off guard by any unexpected expenses.
Here are 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 overseas is more than just packing your bags and booking a flight. It’s a life-changing step that comes with some costs you might not expect, especially when moving from Australia, where long distances can increase expenses. Here’s a closer look at some of the hidden costs you’ll want to factor in.
Moving with pets
For many Australians, pets are part of the family, and leaving them behind simply isn’t an option. But taking them with you comes with its own set of challenges:
- Pet travel costs: Airlines charge fees for transporting pets, which vary depending on the size and weight of your furry companion. Qantas and other Australian carriers offer pet travel services, but costs can add up, especially for larger animals.
- Veterinary fees: Many destination countries require updated vaccinations, microchips, and health certificates for entry. Some even have quarantine periods, such as Australia’s strict biosecurity rules for returning pets.
- Pet relocation services: Professional services can ease the stress of navigating airline regulations and quarantine requirements, but they come at a price.
Storage fees
Not everything you own may make the trip overseas. Storage solutions can help while you figure out what to do with your belongings:
- Short-term storage: Handy if there’s a gap between moving out of your current home and settling into your new one. Mobile self-storage services are convenient options.
- Long-term storage: If you’re downsizing or don’t want to move everything straight away, long-term storage can give you peace of mind, though ongoing fees can build up.
Import taxes and customs duties
Every country has unique rules for bringing in personal items, and Australia is no different if you plan to return in the future. Costs to watch out for include:
- Customs duties: Importing goods into countries like the US or UK often incurs taxes based on the item’s value.
- Clearance fees: Customs processing fees can add another layer to your budget.
Rental deposits
Finding a new place to live is a top priority when relocating, but the upfront costs can surprise you:
- Security deposits: In many countries, including Australia, landlords typically ask for a bond equivalent to four weeks’ rent.
- Advance rent: Some rental agreements, especially in competitive markets like London or New York, require you to pay multiple months’ rent in advance.
Utilities and internet
Setting up your home is about more than unpacking boxes. Getting connected to essential services also costs money:
- Utility deposits: Providers for electricity, water, and gas often ask for a deposit, especially if you’re new to the country.
- Installation fees: Internet and cable services can require setup fees, so plan ahead to stay online as soon as you move in.
Healthcare insurance
Healthcare systems differ widely across the world, and ensuring you’re covered is essential:
- International health insurance: Comprehensive coverage ensures you can access healthcare services anywhere in the world.
- Local healthcare plans: Some countries, like Australia, require enrolment in their national system (Medicare). When moving abroad, check whether you need to register for similar programs, as they may have initial fees or ongoing contributions.
Preparing for your move
Being across these potential expenses can help you better prepare for your international relocation. Here are some tips to keep your budget on track:
- Do your research: Check the cost of living in your destination country. Use resources like Numbeo to compare housing, utilities, and daily expenses.
- Get multiple quotes: For services like moving companies or pet transport, comparing quotes ensures you find the best deal.
- Seek expert advice: Relocation professionals can provide guidance on everything from customs regulations to finding reliable local services.
- Have a contingency fund: Always set aside a buffer for unexpected costs—it’s better to be overprepared than caught off guard.
Whether it’s navigating customs duties, finding storage solutions, or sorting out healthcare coverage, our team has the expertise to make your journey as smooth as possible.
Moving overseas is a big decision, but with careful planning and the right support, it’s an exciting step towards your new life. Let Crown Relocations help you get there with confidence.
