Multi-generational home living… this interesting new trend is gaining momentum in Roseburg OR. What about you, could you see yourself living in the same house with your parents, grandparents, kids, or other loved ones?
If you said “yes,” you’re not alone! There are a lot of people starting to look at multi-generation homes as a real option, and many more people are choosing to buy multi-generational homes than in past years.
So, are you ready to live together? Let’s check out why some people think it’s a good idea and see if multi-generational home living might be right for you, too.
Why People Are Choosing Multi-Generational Living
According to the National Association of Realtors (NAR), here are just a few key reasons buyers opted for multi-generational living over the past year:
It might be no surprise that two of the top reasons people are now choosing a multi-generational living had to do with aging parents. 27% of buyers chose multi-generational houses so they could take care of their parents. It’s just easier to do so when you’re together.
19% did it to spend more time with them. When I obtained my SRES designation (Seniors Real Estate Specialist), I learned that there are a lot of older adults who want to age in place. Living in a home with loved ones can help them do just that. If you’re a parent and hoping to do the same, or maybe you’re the child of a parent who wants to do so, but need a bit of help, you can contact me here. A multi-generational home may be worth considering.
But buying a multi-generational house isn’t just about being close or taking care of the people you love—it can also save you money. 22% of buyers say they picked a multi-generational property to cut down on costs, and 11% needed a bigger house multiple incomes could afford together.
Sharing costs like the mortgage and utilities can make owning a home much more affordable. This is especially helpful for first-time homebuyers who might find it challenging to buy a place in Roseburg OR on their own in today’s market.
As Axios explains:
“Financial concerns and caregiving needs are two of the major reasons people live with their parents (and parents’ parents).”
How an Agent Is Key in Finding the Right Home for You
Looking for the perfect multi-generational living situation is a bit trickier than finding a regular house. You’ve got more people involved, which means more opinions that need to be heard and considered. It’s kind of like putting together a puzzle where all the pieces need to fit perfectly.
If you’re into the idea of living with loved ones and want all the benefits that come with it, team up with a local real estate agent who can help you out, your Roseburg OR SRES designated agent.
Bottom Line
Whether you’re looking to save money or want to take care of your loved ones, buying a multi-generational home might be a good idea for you. If you want to find out more, let’s talk.
