Creating a 5-10 Year Timeline for Relocating to France
Throughout this entire process, I am reminded that it is imperative to remain flexible and adaptable to unexpected challenges or opportunities that may arise. As I seek support from real estate agents, legal advisors, and financial experts to navigate the complexities of relocating and buying property internationally, I have devised a very flexible 5-10-year timeline. I am certain I will be modifying it due to delays or situations that arise but, it is a great starting point for me. Here is my rough outline of how my timeline may look:
Year 1-2: Full-time in Canada in the planning stages
- Research and Planning: Begin researching the real estate market in both Canada and France. Explore different regions in France to identify potential areas of interest for purchasing property. Consider factors such as climate, amenities, cost of living, and proximity to transportation hubs.
- Financial Preparation: Assess my financial situation and start saving for the move. Consider consulting with financial advisors to understand the costs involved in purchasing property in France and relocating.
- Visit France: Plan a trip to France to visit potential areas where I may be interested in purchasing a property. Meet with local real estate agents to view properties and discuss my requirements and budget. (My first trip since starting Maple to Marais will be in September 2024 when I will have a chance to visit properties in real-time).
Year 3-4: Part-time in France
- Purchase Property in France: Work with a local real estate agent and legal professionals to navigate the purchasing process for my chosen property in France. Begin preparations for the legal and financial aspects of buying property in a foreign country, including taxes, fees, and paperwork.
- Renovations: Plan and oversee renovations on the newly purchased property in France. This may include hiring contractors, obtaining permits, and coordinating the renovation process.
Year 5-6: Moving to France
- Selling Property in Canada: List my property for sale in Canada and work with a real estate agent to facilitate the sale process. Prepare your property for sale by making any necessary repairs or renovations to increase its market value.
- Settling In: Begin the process of settling into my new home in France. Arrange for utilities, internet, and other essential services. Familiarize myself with the local community and amenities.
- Legal and Administrative Tasks: Complete any remaining legal and administrative tasks associated with the move, such as obtaining residency permits, registering with local authorities, and opening bank accounts.
Year 7-10: Settling in
- Start Antiquing and purchasing items for the home: Begin exploring local antique markets and shops to further pursue my interest in antiquing. Consider joining local antique clubs or groups to connect with like-minded enthusiasts.
- Refinishing Furniture: Dedicate time to refinishing furniture and pursuing my antiquing hobby. Set up a workspace in my home or finalize renting a workshop nearby.
- Integration: Continue to integrate into the local community and culture. Build relationships with neighbors, join community events, and immerse myself in the French way of life.
- Ongoing Legal and Financial Management: Stay informed about any changes in legal or financial regulations that may affect my residency status or property ownership in France. Keep up with taxes, insurance, and other ongoing expenses associated with owning property abroad.
Maple to Marais 