July 05, 2023

How to budget with Your Chicago International Moving Company

Budget for your international move 

Relocating internationally is an thrilling adventure that requires meticulous planning, especially when it comes to budgeting for your overseas move. From identifying the right Chicago-based international relocation service to factoring in import/export regulations and other costs, it's essential to have a comprehensive understanding of the monetary considerations involved. As specialist relocation service in Chicago, we can help you manage your financial resources wisely for your anticipated international move.
 

Research and Planning:

Before leaving for your international move, thorough research and detailed planning are vital. Consider the following items that can greatly affect your cost estimation:

  • Destination Country: Different countries have different costs of living, housing prices, and tax rates. Investigate the cost of living in your new home country to have a better understanding of the financial adaptations you might need to make. Take into account factors such as housing, transportation, healthcare, education, and day-to-day expenditures.
  • Visa and Documentation: Research the visa requirements and likely costs for your desired country. Visas, permits, and other required documentation can be costly, so be sure to include these expenses in your budget. Consider any fees for visa applications, medical examinations, background checks, and translated documents.
  • Housing and Accommodation: Research the housing or real estate market in your new country. Compare housing costs, security deposits, and any additional fees or duties related to renting or buying a property. It's crucial to consider the costs upfront associated with securing housing in your financial budget. Factor in expenses such as monthly rent or mortgage payments, utilities, property taxes, and home insurance.

 

Hiring a Chicago International Moving Company:

When it comes to international moves, picking the ideal Chicago international moving company is essential for a seamless relocation. Consider the following aspects.:

  • Obtain Multiple Quotes from Chicago International Moving Companies: Contact several Chicago international moving companies to obtain detailed quotes for your move. Evaluate their options, prices, and included features to ensure you're getting the optimal value for your budget. Look for a company that offers full-service solutions, including packing, transportation, customs clearance, and warehousing.
  • Services and Customization: Chicago International moving companies like Corrigan Moving Systems deliver a range of services tailored to satisfy your specific needs. Assess your demands and financial plan accordingly. Some services may be voluntary or can be customized based on your preferences and desires. Discuss your budget constraints with the Chicago international movers to find cost-effective solutions without compromising the high standard of service.
  • Experience and Expertise of Chicago International Movers: Choose a Chicago international moving company with extensive experience and a demonstrated track record in handling international relocations. Seasoned Chicago international movers will have the knowledge to navigate the complexities of international moves and guarantee a flawless transition. They can provide useful advice on customs requirements, transportation logistics, and optimal routing.
  • Accreditations: When finalizing which Chicago international moving company to go with, make sure to ask about their credentials and affiliations. International movers rely on networks of moving companies to handle services in other countries. You want to be sure that the international moving company in your destination country maintains the same quality and standards as the initial company you hire. Corrigan Moving Systems is a proud member of the FIDI Global Alliance, a strict and prestigious accreditation organization that makes sure top quality standards for all members. Additionally, Corrigan Moving Systems is a member of IAMX, LACMA, and Unigroup Worldwide. You can be certain that all movers in contact with your shipment are of the highest reputation, from start to finish.
Couple budgeting for their international move 
 

Budgeting for Additional Expenses:

Beyond the services provided by your chosen Chicago international moving company, there are additional expenses to consider when budgeting for your international move:

  • Customs Fees and Taxes: Research the customs regulations and expenses applicable to your destination country. These fees can differ considerably and should be considered in your cost calculations. Be prepared for import duties, VAT, and any other levies imposed by the customs office.
  • Travel Costs: Account for the cost of plane tickets or other transportation to your new country. If you're traveling with family or pets, factor in the additional expenses for their transportation. Budget for travel insurance, airport transfers, and temporary accommodations if needed.
  • Insurance: It's essential to have insurance coverage for your belongings during the international move. Explore options for shipping insurance or seek advice from your Chicago international moving company to ensure sufficient coverage. Verify if your current insurance policies, such as medical insurance or property insurance provide coverage in your new country. If not, consider buying international insurance coverage to safeguard against any unexpected events.
  • Living Expenses: Estimate your monthly living expenses in your new country. Research the costs of groceries, travel, medical services, schooling (if necessary), basic services, and other essential items. Consider fluctuations in currency exchange rates, inflation rates, and local market prices. Creating a detailed budget for your everyday spending will help you manage your finances effectively.
Budgeting for an international move from Chicago requires detailed consideration of various expenses. By conducting comprehensive research and preparing in advance, you can create a comprehensive budget that aligns with your financial goals. Remember to obtain multiple quotes from Chicago international moving companies like Corrigan Moving Systems and explore economical strategies like minimizing and organizing your belongings. With proper budgeting, you can embark on your international move with confidence and peace of mind, knowing that you have planned for the financial aspects of your relocation. Reach out to us today to talk with one of our international moving experts in Chicago!