Who's Buying Multigenerational Homes and Why?
The key to unlocking your homeownership dreams may be found in Multigenerational Living! Multigenerational Living is when two or more generations choose to live in or on one property.
First-time Buyers are turning to multi-generational living to save on costs. By combining resources, households can distribute financial responsibilities such as mortgage payments, utilities, property taxes, and maintenance.
For Repeat Buyers, it may means accommodating older parents or welcoming back young adults who have returned home.
Additionally, the Multigenerational Home concept offers an additional growing market of homes to meet the sales demand of Large and Luxury Home Sellers !
Buying a multi-generational home is a smart and strategic way to address the affordability challenges in today’s real estate market. By sharing expense, resources and caretaking, you have more options to make your homeownership dreams a reality.