March 10th 2024.
According to a recent study, a large majority of Black Americans, specifically 79%, experienced some regrets after moving to a new home last year. The study, conducted by Clever Real Estate and overseen by Jaime Seale, delved into the experiences of 2,000 American adults who relocated in 2023.
Among the top regrets reported by respondents were feelings of nostalgia for their previous homes, wishing they had decluttered before the move, and wishing they had opted for a larger living space. These intriguing findings provide insight into the emotional and practical aspects of moving for Black Americans.
Interestingly, the study also revealed the top reasons for why Black Americans chose to move. These included a lower cost of living or home prices, a better quality of life (such as better weather and recreational opportunities), and the desire to live closer to friends and family.
In addition to these insights, the study also shed light on the challenges and expenses that come with moving. For example, it was found that 40% of Black Americans shed tears during the relocation process and 35% experienced conflicts with loved ones.
On the cost front, it was revealed that 47% of Black Americans spent $1,500 or more on their move, which was less than the overall average for all Americans. However, it was still a significant expense for many. Additionally, 53% of Americans faced unexpected costs during their move, and 54% found that the total cost of their move was higher than anticipated. This could potentially be attributed to a lack of budgeting or not considering all potential costs beforehand.
The study also delved into the reasons behind why some individuals chose to handle their move on their own rather than hiring professional movers. Many cited the high cost of professional services or a lack of trust in moving companies. However, it was found that a large percentage of those who moved on their own regretted not hiring a moving service.
To help mitigate some of the costs associated with moving, Seale offered some helpful tips. These included getting multiple estimates from different moving companies to ensure the best deal, decluttering before the move to potentially reduce the weight or volume of items being moved, and using items that are already owned (such as suitcases or plastic tubs) for packing rather than purchasing all new materials.
Overall, this study provides valuable insights into the experiences of Black Americans when it comes to moving homes. It highlights the emotional toll and financial burden that can come with such a significant change, and offers practical advice for those looking to make a move in the future.
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