HOMEOWNERS, HOMEBUYERS, HOME SELLERS, TRENDS, FINANCE
Making Multigenerational Households Happy
Between 20%-26% of the nation live in multigenerational homes with two or more adult generations or grandparents and grandchildren younger than 25. According to Homes.com, there are numerous benefits—multigen households save money and share responsibilities to improve wellbeing for all members. Children have fewer behavioral problems, grandparents are happier and less lonely, and their adult children have more financial and emotional support.
Younger adults can improve their credit, reduce debt, and save for a down payment on their own home one day. Family members can combine their credit and cash to borrow bigger mortgage and remodeling loans to buy better homes, improve lifestyles and increase privacy.
To make shared living successful, multigen households should establish some ground rules, advises Betterup.com.
Create both common areas and separate spaces. All household members need privacy. Homes with dual owner’s suites, kitchenettes, private baths and separate entrances make it easy to live together and have privacy, too.
Set boundaries. Establish everyone’s needs, expectations and personal preferences openly. Respect each other’s privacy, possessions and time.
Do your part. Pay your fair share as agreed. Do your chores on time. Offer help when needed.
Create opportunities for caregivers to recharge. Date nights and weekend getaways away from the house can be refreshing for parents or caregivers of aging parents.
Create playtime for the whole family. Everyone can look forward to board game night, family vacations, trips to the park, school plays, or tickets to sporting and musical events.
TRENDS, HOMEBUYERS, HOME SELLERS, LIFESTYLE, LUXURY
Should You Move to a Zoom Town?
Remote workers are migrating from high-priced cities with few housing choices in search of real estate gold—larger, cheaper homes that offer a better lifestyle.
According to RocketMortgage.com, telecommuting is here to stay. Zoom towns outside of major cities like Centennial, Colorado (Denver metro); Frisco, Texas (Dallas metro); Bellevue, Washington (Seattle metro); Carlsbad, California (San Diego metro); and Fremont, California (San Francisco Bay Area) are close to big-city amenities but are more affordable. However, increasing demand is making zoom town homes more expensive.
If you telecommute, consider the following:
Your commute. Will your new home have a sequestered area where you can telecommute comfortably away from household noise and distractions? What would your commute be like if your employer wanted you in the office part of the week?
Your required services. Small remote towns may not have reliable high-speed internet, high-rated schools, restaurants or other niceties you’re used to. Can you afford to spend more on a home in order to remain closer to the big city?
Your lifestyle preferences. How luxurious do you want your home to be? Luxury means lots of space and beautiful views. What activities do you enjoy? Can you do those things better or more often in another community?
Your family’s needs. More space means more privacy. Will the kids get along better if they have separate bedrooms?
The zoom town home that’s right for you and your family could be just minutes away. For advice, speak with your Berkshire Hathaway HomeServices network professional.
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