In today’s fast-paced world, the pursuit of a comfortable and financially secure life often leads people to explore opportunities beyond their homeland. The idea of finding a new home in a more affordable city is becoming increasingly appealing. It’s a decision that could significantly impact your quality of life and financial stability.

Why Relocate: The Fear of Outlasting Your Finances

There is a fear that one’s lifespan can outlast their finances, and this is a concern that many individuals share.

I’ve been living full-time in Bangkok for the first 10 years and off and on for the last 10 years. I’m sharing my journey because I have an increasing number of friends researching retiring options.

My Criteria for a New Home

When I was contemplating a move and searching for the perfect place to settle down, I had several essential criteria in mind. These considerations were instrumental in shaping my decision:

Accessibility to Public Transportation

One of the key factors that I considered when choosing a place to live in Bangkok was accessibility to public transportation. Over the last decade, Bangkok’s BTS and MRT systems have significantly expanded and improved, making commuting more convenient than ever. Having a reliable and efficient public transport system can make life in a new city considerably easier.

In addition to being convenient, public transportation is also a great way to avoid Bangkok’s traffic jams. When you take the BTS or MRT, you can sit back, relax, and enjoy the ride without having to worry about getting stuck in traffic.

If you’re considering moving to a new city, one of the most important factors to consider is accessibility to public transportation. This is especially true if you’re moving to a city with known traffic jams.

Proximity to Hospitals

Healthcare is a fundamental aspect of life, and proximity to hospitals was a non-negotiable factor. Being close to healthcare facilities can provide peace of mind and quick access to medical services when needed. In my case, I’m fortunate to be close to the renowned Samitivej Hospital, ensuring top-notch healthcare services.

Self-Contained Mall

Convenience is a top priority when relocating to a new city. Having a self-contained mall nearby, where I could do my grocery shopping, shop for essentials, or even catch a movie, was a huge plus. When I first moved to Bangkok, there was one mall near me, but it’s amazing to see that now, there are three really good ones in the vicinity. It’s more than I could ask for, and it adds to the convenience and quality of life.

Potential of the Area

The potential of the area is something many overlook. I wanted to be in a location with growth opportunities, ensuring that my investment in a new home would appreciate over time so discount this when you are shopping around.

Home Loan Facility for Foreigners

For foreigners, securing a home loan is often a complex process. The availability of home loan facilities for foreigners played a significant role in my decision-making process.

Exotic and Affordable Living

If you’re considering a move to a more affordable city, there are many options to choose from, both in Asia and in South America and Southern Europe.

Conclusion

In your quest to find your ideal home in a more affordable city, it’s essential to weigh your options and set your criteria. Relocating to a new city is a life-changing decision, and it’s crucial to ensure it aligns with your personal and financial goals.

Remember, the fear of outlasting your finances is a common concern, but with careful planning and the right choice of location, you can embark on a new chapter of life that’s comfortable, enjoyable, and financially secure. Whether you choose Bangkok or another destination, make your move wisely, and you’ll be well on your way to a brighter future.

Are you considering a similar move? Share your thoughts and experiences with me in the comments below.