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If you\u2019re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center<\/em><\/a> 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.<\/span><\/p>\n As you consider this option for your own home search, know it could help you on your homeownership journey<\/a> and provide you with other incredible benefits along the way.<\/p>\n 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<\/em><\/a>, the top reason people choose to live together today is financial.<\/p>\n A recent study<\/a> from Freddie Mac<\/em> also finds more people are choosing to buy a home together so they can save money in the homebuying process. As the study says:<\/p>\n \u201c. . . an<\/strong> increasing percentage of young adult first-time homebuyers are relying on support from older generations, including their parents, to buy a home together.<\/strong>\u201d<\/em><\/p>\n<\/blockquote>\n 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\u2019t on their own.<\/p>\n 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<\/em>, explains<\/a> how this living arrangement can help on a personal<\/a> and financial level:<\/p>\n \u201cResiding 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.<\/strong>\u201d<\/em><\/p>\n<\/blockquote>\n If this sounds like a great option for you, it\u2019s 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.<\/p>\n More people are discovering the benefits of multigenerational living. For the best information and help deciding what\u2019s right for your personal situation, let\u2019s connect and start the conversation today.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":" If you\u2019re 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 […]<\/p>\n","protected":false},"author":1,"featured_media":3448,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_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},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-3447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\tLiving with Loved Ones Could Help You Achieve Your Homeownership Goals<\/strong><\/h4>\n
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Other Key Benefits of Multigenerational Living <\/strong><\/h4>\n
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Bottom Line<\/strong><\/h3>\n