{"id":5805,"date":"2024-04-25T05:30:00","date_gmt":"2024-04-25T10:30:00","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/is-a-multi-generational-home-right-for-you\/"},"modified":"2024-04-25T05:30:00","modified_gmt":"2024-04-25T10:30:00","slug":"is-a-multi-generational-home-right-for-you","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/is-a-multi-generational-home-right-for-you\/","title":{"rendered":"Is a Multi-Generational Home Right for You?"},"content":{"rendered":"

\"Is<\/p>\n

Ever thought about living in the same house with your grandparents, parents, or other loved ones? You’re not alone. A lot of people are choosing to buy<\/a> multi-generational homes where everyone can live together. Let’s check out why they think it\u2019s a good idea to see if it might be a good fit for you, too.<\/p>\n

Why People Are Choosing Multi-Generational Living<\/strong><\/h4>\n

According to the National Association of Realtors<\/em> (NAR), here<\/a> are just a few key reasons buyers opted for multi-generational homes over the past year (see graph below<\/em>):<\/p>\n

 \"No<\/a><\/p>\n

<\/p>\n

Two of the top reasons had to do with aging parents. 27% of buyers chose multi-generational homes so they could take care of their parents more easily. And 19% did it to spend more time with them. A lot of older adults want to age in place, and living in a home with loved ones can help them do just that. If your parents are hoping to do the same, but need a bit of help, a multi-generational home may be worth considering.<\/p>\n

But buying a multi-generational home isn\u2019t just about being close or taking care of the people you love\u2014it can save you money, too. 22% of buyers say they picked a multi-generational home to cut down on costs, and 11% needed a bigger house multiple incomes could afford together.<\/p>\n

Sharing costs like the mortgage and utilities can make owning a home more affordable. This is especially helpful for <\/strong>first-time homebuyers<\/strong><\/a> who might find it challenging to buy a place on their own in today’s market.<\/strong><\/p>\n

As Axios<\/em> explains<\/a>:<\/p>\n

\u201cFinancial concerns and caregiving needs are two of the major reasons people live with their parents (and parents\u2019 parents).\u201d<\/em><\/p><\/blockquote>\n

How an Agent Is Key in Finding the Right Home for You<\/strong><\/h4>\n

Looking for the perfect multi-generational home is a bit trickier than finding a regular house. You’ve got more people, which means more opinions and needs to think about. It’s kind of like putting together a puzzle where all the pieces need to fit perfectly.<\/p>\n

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<\/a> who can help you out.<\/p>\n

Bottom Line<\/h3>\n

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, talk to a local real estate agent<\/a>.<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

Ever thought about living in the same house with your grandparents, parents, or other loved ones? You’re not alone. A lot of people are choosing to buy multi-generational homes where everyone can live together. Let’s check out why they think it\u2019s a good idea to see if it might be a good fit for you, […]<\/p>\n","protected":false},"author":1,"featured_media":5806,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-5805","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"\nIs a Multi-Generational Home Right for You?—NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/is-a-multi-generational-home-right-for-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is a Multi-Generational Home Right for You?—NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"Ever thought about living in the same house with your grandparents, parents, or other loved ones? 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