{"id":18650,"date":"2023-02-04T15:23:17","date_gmt":"2023-02-04T21:23:17","guid":{"rendered":"https:\/\/dallasprobatesupport.com\/?p=18650"},"modified":"2023-02-04T15:50:42","modified_gmt":"2023-02-04T21:50:42","slug":"more-people-are-finding-the-benefits-of-multigenerational-households-today","status":"publish","type":"post","link":"https:\/\/DallasProbateSupport.com\/?p=18650","title":{"rendered":"More People Are Finding the Benefits of Multigenerational Households Today"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/files.mykcm.com\/2022\/11\/16121439\/more-people-are-finding-the-benefits-of-multigenerational-living-KCM.jpg\" alt=\"More People Are Finding the Benefits of Multigenerational Households Today | MyKCM\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The&nbsp;<a href=\"https:\/\/www.pewresearch.org\/fact-tank\/2022\/07\/20\/young-adults-in-u-s-are-much-more-likely-than-50-years-ago-to-be-living-in-a-multigenerational-household\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Pew Research Center<\/em><\/a>&nbsp;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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As you consider this option for your own home search, know it could help you on your\u00a0homeownership journey\u00a0and provide you with other incredible benefits along the way.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Living with Loved Ones Could Help You Achieve Your Homeownership Goals<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">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&nbsp;<a href=\"https:\/\/www.pewresearch.org\/social-trends\/2022\/03\/24\/financial-issues-top-the-list-of-reasons-u-s-adults-live-in-multigenerational-homes\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Pew Research Center<\/em><\/a>, the top reason people choose to live together today is financial.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A&nbsp;<a href=\"https:\/\/www.freddiemac.com\/research\/insight\/20220908-co-borrowing-rise-first-time-homebuyers\" target=\"_blank\" rel=\"noreferrer noopener\">recent study<\/a>&nbsp;from&nbsp;<em>Freddie Mac<\/em>&nbsp;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\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><em>\u201c. . .<strong>&nbsp;an<\/strong>&nbsp;<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\n\n\n<p class=\"wp-block-paragraph\">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\n\n\n<h4 class=\"wp-block-heading\"><strong>Other Key Benefits of Multigenerational Living<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">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\u00a0<em>CNBC.com<\/em>,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/2022\/10\/19\/multigenerational-hispanic-households-feel-rising-economic-pressure.html\" target=\"_blank\">explains<\/a>\u00a0how this living arrangement can help on a\u00a0personal\u00a0and financial level:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><em>\u201cResiding with relatives can offer advantages&nbsp;<strong>. . . 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\n\n\n<p class=\"wp-block-paragraph\">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\n\n\n<h3 class=\"wp-block-heading\"><strong>Bottom Line<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">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","protected":false},"excerpt":{"rendered":"<p>If you\u2019re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The&nbsp;Pew Research Center&nbsp;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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18650","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=\/wp\/v2\/posts\/18650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18650"}],"version-history":[{"count":0,"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=\/wp\/v2\/posts\/18650\/revisions"}],"wp:attachment":[{"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}