Thinking about living under one roof with your grandparents, parents, or other family members? You're among many who are opting for multi-generational homes that accommodate everyone. Explore the reasons driving this trend to determine if it suits your needs as well.

Why People Are Choosing Multi-Generational Living

Based on data from the National Association of Realtors (NAR), here are several primary reasons buyers chose multi-generational homes in the last year, as shown in the graph below:

Two significant reasons centered around aging parents. A good portion of buyers, 27%, opted for multi-generational homes to provide easier care for their parents, while 19% chose these homes to increase time spent with them. Many older adults prefer to age in place, and residing in a home with family can support them in achieving that goal. If your parents are looking to stay independent but could benefit from additional support, exploring a multi-generational home might be a suitable option to consider.

Twenty-two percent of buyers opt for a multi-generational home not only to stay near their loved ones or provide care but also to reduce expenses. Additionally, 11% require a larger home that several incomes can purchase collectively.

Sharing costs such as the mortgage and utilities with someone can help make owning a home more affordable. This can be particularly beneficial for first-time homebuyers who may face difficulties purchasing a property independently in the current market.

“Whatever it is, the way you tell your story online can make all the difference.”

— Axios

How an Agent Is Key in Finding the Right Home for You

Searching for the ideal multi-generational home can be more challenging than finding a standard house. With multiple family members come various preferences and requirements to consider. It's akin to solving a puzzle where every piece must align seamlessly.

If you're interested in living with your loved ones and enjoying all the advantages that come with it, consider partnering with a local real estate agent who can assist you.

Bottom Line