Is a Multi-Generational Home Right for You?
Hey there! Donna from the Donacy Realty team, your friendly neighborhood Senior Real Estate Specialist, here to chat about something that’s been on a lot of folks' minds lately: multi-generational living. Ever considered sharing a home with your grandparents, parents, or other loved ones? Well, you’re not alone. Let's dive into why more and more people are hopping on this trend and see if it might be the perfect fit for you too.
Why People Are Choosing Multi-Generational Living According to the National Association of Realtors (NAR), there are a few standout reasons why buyers are leaning towards multi-generational homes these days. And two biggies are all about family.
A whopping 27% of buyers are opting for multi-generational homes to make caring for their aging parents a whole lot easier. Plus, another 19% are in it for the quality time. After all, who wouldn't want to be closer to the ones they love? If your parents are hoping to age in place with a little extra support, a multi-gen setup could be just the ticket.
But it’s not just about love and care—it’s about dollars and cents too. About 22% of buyers are attracted to multi-gen homes for the money-saving perks, and 11% are drawn in by the potential for pooling incomes to afford a bigger, better space.
Pooling resources like mortgage payments and utility bills can seriously lighten the financial load, especially for first-time buyers navigating today's market.
As Axios puts it:
“Financial concerns and caregiving needs are two of the major reasons people live with their parents (and parents’ parents).”
How an Agent Can Make Finding Your Dream Home a Breeze Finding the perfect multi-generational home is like solving a puzzle with extra pieces—tricky but totally doable with the right guidance. That’s where your trusty real estate agent comes in.
Ready to Dive into Multi-Generational Living? Whether you’re looking to save some cash or create a cozy nest for your loved ones, a multi-generational home might just be the answer you’ve been searching for. Want to chat more about it? Let’s connect and explore your options together!