Why Multi-Generational Homes?
Buying a multi-generational home with Roberto A. Sanchez
In today’s housing market, families are rethinking how they live. Rising home prices, soaring interest rates, and increasing caregiving responsibilities have prompted many to embrace multi-generational home living.
At the Sanchez Realty Group, led by Roberto A. Sanchez at United Real Estate, we understand the unique needs of multi-generational households. Whether you’re looking for space to care for aging parents, share living expenses, or a combination of these needs whatsoever, we’re here to guide you every step of the way.
Looking for a home that fits your family’s lifestyle? Contact us today to find the perfect multi-generational property!
Important reasons many households consider when purchasing a multi-generational home:
1. Economic Pressures
With mortgage rates at their highest in years and home prices steadily climbing, many families find it more affordable to combine households. Sharing a home means splitting costs like utilities, taxes, and mortgage payments, making it a practical solution in an era of financial uncertainty. The trends is on the rise, the lack of available housing will be around for years to come and home prices will continue to increase.
Today, 17% of homebuyers choose multi-generational homes — that’s when you buy a house with your parents, adult children, or distant relatives. What makes that noteworthy is that 17% is the highest level ever recorded by the National Association of Realtors (NAR). But what’s driving the recent rise in multi-generational living?
Buying a multi-generational home with Roberto A. Sanchez
2. Caregiving for Elderly Family Members
The cost of senior care has skyrocketed, and many families prefer to keep their aging parents close. Multi-generational homes allow elderly family members to live comfortably while staying connected with loved ones.
3. Supporting Younger Generations
For working parents, having grandparents nearby can tremendously help with childcare, school pickups, and a stronger bond between generations.
4. Cultural and Demographic Shifts
In many cultures, multi-generational living is a longstanding tradition. Changing demographics in the U.S. have contributed to this trend, as families from diverse backgrounds seek homes that accommodate their lifestyles.
📞 Ready to explore multi-generational living options in Clifton, NJ? Call us today at 973-216-1945 for expert guidance!
Benefits of Multi-Generational Living
1. Financial Savings
Pooling resources help families afford larger homes while reducing individual financial burdens.
2. Emotional and Social Support
Living together fosters deeper connections, reduces loneliness for seniors, and creates a built-in support system.
3. Convenience for Dual Responsibilities
Caring for both aging parents and young children—often referred to as the “sandwich generation”—is easier in a home designed for multi-generational use.
🏡 Browse homes with in-law suites and flexible layouts in Clifton, NJ, with Sanchez Realty Group today!
What to Look for in a Multi-Generational Home:
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Separate Living Areas: Homes with in-law suites, extra kitchens, or private entrances and first-floor accommodations.
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Accessibility Features: Single-level living spaces, wide doorways, or elevators for elderly family members, homes with living facilities in the first floor (bedrooms, bathrooms, and kitchens ease the burdens for aging family members).
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Spacious Common Areas: Open kitchens and living rooms for family gatherings.
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Proximity to Schools and Services: Convenient locations near schools, parks, healthcare facilities and easy access to shopping and major highways,
💬 Not sure where to start your multi-family or larger multi-generation home search? Schedule a consultation with Roberto A. Sanchez today to discuss your family’s unique needs.
How Sanchez Realty Group Can Help You
At Sanchez Realty Group, we’ve helped hundreds of buyers and sellers over the last 30+ years navigate the complexities of finding the right multi-generational home. Whether you need space for aging parents, young kids, or both, we’ll help you identify properties with the right layout, location, and features and benefits.
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