Published August 6, 2024
Embracing Multigenerational Living: A Growing Trend!
Are you considering a multigenerational home? You’re not alone! Recently, 14% of homebuyers sought homes that can accommodate multiple generations. This trend is driven by both practical needs and the desire for family togetherness.
Why Are Buyers Choosing Multigenerational Homes?
Financial Advantages
28% of first-time buyers opt for multigenerational homes to afford larger properties by pooling multiple incomes. This collaborative financial approach makes it easier to purchase a spacious home.
Space for Extended Family
23% of buyers need space for adult relatives or children over 18. Additionally, 12% are accommodating 'boomerang' kids who are returning home. Having extra space ensures everyone has a comfortable living area.
Caring for Aging Parents
30% of repeat buyers are seeking homes that support elder care. This reflects a growing sense of family responsibility and the desire to keep aging parents close.
These figures highlight a significant shift towards homes designed for extended family living. If you’re thinking about this for your family, I’m here to help you find the perfect fit.
Let’s Connect!
Whether you're a first-time buyer or looking to move, exploring multigenerational living options can open up new possibilities for you and your family. Contact me today, and let's start exploring your options in today’s real estate market!
