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Multigenerational Housing Is Gaining Momentum

4/9/2021

 
Infographic: Multigenerational Housing Is Gaining Momentum. If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. Quick facts: Households with 2 or more adult generations living under one roof are considered multigenerational. Percentage of total homes sold in 2020: 12%; this number hit 15% in Spring 2020. Purchased to accommodate adult children living at home: 28%; 25% purchased to accommodate aging parents. Most common age range of buyers: 41-55; followed by 75-95 year-olds. Benefits: Combined home buying budget; quality time together; shared caregiving duties; plenty of space for everyone. With such high demand for houses today, now is a great time to sell so you can upgrade to a home that meets your evolving needs. Source: NAR [Cogent Equities of Keller Williams logo]

Some Highlights

  • If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs.​
  • With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of households are discovering the value of a multigenerational home.​ ​
  • With such high demand for houses today, now is a great time to sell so you can upgrade to a multigenerational home that may better suit your evolving needs.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Cogent Real Estate Equities, LLC does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Cogent Real Estate Equities, LLC will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

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