[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f19bhgizglv0m6":3,"$ffeh0925h8cuz":43,"$fbwk2pqjjqsc7":47},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},40562,"the-top-benefits-of-buying-a-multi-generational-home","The Top Benefits of Buying a Multi-Generational Home","\u003Cp>Has the idea of sharing a home with loved ones like your grandparents, parents, or other relatives crossed your mind?\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240124\u002F20240125-The-Benefits-of-Buying-a-Multi-Generational-Home.png","\u003Cp>Has the idea of sharing a home with loved ones like your grandparents, parents, or other relatives crossed your mind? If so, you’re not alone. More buyers are choosing to go this route and buy a multi-generational home. Here’s a look at some of the top reasons why, to see if a home like this may be right for you too.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Why Buyers Are Opting for Multi-Generational Living\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fblogs\u002Feconomists-outlook\u002Fall-in-the-family-multi-generational-home-buying\" rel=\"noopener noreferrer\" target=\"_blank\">According\u003C\u002Fa> to the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), two of the top reasons buyers are opting for multi-generational homes today have to do with \u003Ca href=\"\u002F2024\u002F01\u002F18\u002F3-key-factors-affecting-home-affordability\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">affordability\u003C\u002Fa> (\u003Cem>see graph below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240124\u002F20230125-Reasons-To-Purchase-A-MultiGeneration-Home.PNG\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240124\u002F20230125-Reasons-To-Purchase-A-MultiGeneration-Home.PNG\">\u003C\u002Fa>\u003C\u002Fp>\u003Cp>First-time buyers are focused most on cost savings – with 28% saying this was a key reason for them. By pooling their resources with others, they can share financial responsibilities like mortgage payments, utilities, and more to make homeownership more affordable. \u003Cstrong>This is especially helpful for those first-time homebuyers who may be finding it tough to afford a home on their own in today’s market.\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Buyers are also turning to multi-generational homes so they can more easily afford their dream home. Both first-time (28%) and repeat buyers (18%) chose to live with others so they could buy a larger home. When everyone chips in and combines their incomes, that big \u003Ca href=\"\u002F2024\u002F01\u002F01\u002F3-keys-to-hitting-your-homeownership-goals-in-2024\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">dream home\u003C\u002Fa> with more space could be more within reach.\u003Cstrong> \u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>But multi-generational living isn’t just about the financial side of things.\u003C\u002Fstrong> According to the same study from NAR, 23% of repeat buyers chose to buy a multi-generational home to make it easier to care for an aging parent. Many older adults want to age in place and a multi-generational home can help make that possible. For those \u003Ca href=\"\u002F2023\u002F12\u002F27\u002Fretiring-soon-why-moving-might-be-the-perfect-next-step\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">older adults\u003C\u002Fa>, it gives them an opportunity to maintain their quality of life while being surrounded by their loved ones. As \u003Cem>Axios\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.axios.com\u002F2023\u002F11\u002F05\u002Fmultigenerational-living-families-data-statistics-map-states\" rel=\"noopener noreferrer\" target=\"_blank\">explains\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“Financial concerns and caregiving needs are two of the major reasons people live with their parents (and parents' parents).”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Ch4>\u003Cstrong>Lean on an Expert\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Finding the perfect multi-generational home isn’t as simple as shopping for a regular house. That’s because there are more people with even more opinions and needs to be considered. \u003Cspan style=\"color: black;\">It's like solving a puzzle\u003C\u002Fspan>, and the pieces need to fit just right.\u003C\u002Fp>\u003Cp>So if you're interested in the many benefits multi-generational living offers, partner with a local \u003Ca href=\"\u002F2023\u002F12\u002F07\u002Fwhy-you-need-to-use-a-real-estate-agent-when-you-buy-a-home\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">real estate agent\u003C\u002Fa> who has the expertise to help.\u003C\u002Fp>","\u003Cp>Whether your motives are financial or focused on the people you’ll share your home with, buying a \u003Ca href=\"\u002F2023\u002F11\u002F03\u002Fthe-benefits-of-buying-a-multi-generational-home-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">multi-generational home\u003C\u002Fa> may make sense for you. If you’re interested in learning more, let’s connect.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240124\u002F20230125-Reasons-To-Purchase-A-MultiGeneration-Home.PNG",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},11,"First-Time Buyers","first-time-buyers",{"id":26,"name":27,"slug":28},38,"Move-Up","move-up","2024-01-25T11:30:00Z","2024-01-25T11:30:57Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},39601,"are-more-homeowners-selling-as-mortgage-rates-come-down","Are More Homeowners Selling as Mortgage Rates Come Down?","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240117\u002F20240124-Are-more-homeowners-selling-as-mortgage-rates-come-down.jpg","2024-01-24T11:30:00Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},40875,"why-its-more-affordable-to-buy-a-home-this-year-infographic","Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240125\u002F202401-1.PNG","2024-01-26T11:30:00Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[48,52,53,57,61,65,69,70,74,78,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":49,"name":50,"slug":51},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":54,"name":55,"slug":56},6,"For Sellers","sellers",{"id":58,"name":59,"slug":60},7,"Foreclosures","foreclosures",{"id":62,"name":63,"slug":64},8,"Infographics","infographics",{"id":66,"name":67,"slug":68},9,"Home Prices","home-prices",{"id":22,"name":23,"slug":24},{"id":71,"name":72,"slug":73},34,"Senior Market","senior-market",{"id":75,"name":76,"slug":77},35,"Mortgage Rates","mortgage-rates",{"id":26,"name":27,"slug":28},{"id":80,"name":81,"slug":82},41,"For Sale by Owner","for-sale-by-owner",{"id":84,"name":85,"slug":86},42,"Featured","featured",{"id":88,"name":89,"slug":90},45,"New Construction","new-construction",{"id":92,"name":93,"slug":94},52,"Luxury \u002F Vacation","luxury--vacation",{"id":96,"name":97,"slug":98},53,"Rent vs. Buy","rent-vs-buy",{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]