• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Johnson Team Real Estate

Johnson Team Real Estate

Your Bellingham Real Estate Resource

  • Search
    • Address
    • MLS#
    • Quick Search
    • Browse by City
  • Buying
    • Market Statistics
    • Mortgage Rates
    • Mortgage Calculator
  • Selling
    • Valuation Request
    • Get a Market Report
    • Market Statistics
  • Cities
    • Bellingham
    • Blaine
    • Everson
    • Ferndale
    • Birch Bay
    • Lynden
    • Lummi Island
    • Sandy Point
  • Neighborhoods
    • Alabama Hill
    • Birchwood
    • Bellingham’s Central Business District
    • Columbia
    • Cornwall Park
    • Edgemoor
    • Guide Meridian
    • Happy Valley
    • Fairhaven Historic District
    • Lettered Streets
    • Meridian
    • Mt. Baker
    • Puget
    • Roosevelt
    • Samish
    • Sehome
    • Silver Beach
    • South Hill
    • South
    • Sunnyland
    • Whatcom Falls
    • WWU
    • York
  • About
  • Blog
  • Contact
  • Email
  • Facebook

More People Are Finding the Benefits of Multigenerational Households Today

November 18, 2022 by fawn

If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years.

As you consider this option for your own home search, know it could help you on your homeownership journey and provide you with other incredible benefits along the way.

Living with Loved Ones Could Help You Achieve Your Homeownership Goals

There are several reasons people choose to live in a multigenerational household, and for many, the arrangement is a personal one. But according to the Pew Research Center, the top reason people choose to live together today is financial.

A recent study from Freddie Mac also finds more people are choosing to buy a home together so they can save money in the homebuying process. As the study says:

“. . . an increasing percentage of young adult first-time homebuyers are relying on support from older generations, including their parents, to buy a home together.”

For these individuals, combining their resources can help them achieve their dream of buying and owning a home. By pooling their incomes together to make that purchase, they may be able to afford a home they couldn’t on their own.

Other Key Benefits of Multigenerational Living

Not to mention, living in a home with loved ones can have other benefits too, like giving you more quality time to spend together. Darla Mercado, Certified Financial Planner and Markets Editor for CNBC.com, explains how this living arrangement can help on a personal and financial level:

“Residing with relatives can offer advantages . . . you can pool multiple streams of income, for instance. And in households with young children, grandparents can pitch in with child care.”

If this sounds like a great option for you, it’s important to work with a trusted real estate professional to discuss your needs. They can help you navigate the process to find the right home for you and your loved ones.

Bottom Line

More people are discovering the benefits of multigenerational living. For the best information and help deciding what’s right for your personal situation, let’s connect and start the conversation today. Contact your local real estate expert, Mike Bredeson today 360.201.5088.

Filed Under: Uncategorized

Primary Sidebar

Communities

Stay in the Loop

Sign up to receive market up date and the latest in real estate news!!

Search

  • Search
  • Buying
  • Selling
  • Cities
  • Neighborhoods
  • About
  • Blog
  • Contact
“Three Trees” icon indicates a listing provided courtesy of NWMLS.
DMCA Notice
The information contained in this listing has not been verified by The Johnson Team Real Estate at  Muljat Group Realtors® and should be verified by the buyer.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

DMCA Notice

Copyright © 2023 · Office Help Center Log in