123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Real-Estate-and-Foreclosure >> View Article

Multigenerational Homes Are On The Rise | Keller Williams South Park

Profile Picture
By Author: Steve Mueller
Total Articles: 17
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average age in the U.S. is 78 years old! As a result, 41% of Americans in the market are searching for a home that can accommodate a multigenerational family.

The number of people by generation that purchased a multigenerational home because they will either be taking care of an aging parent or they just want to spend time together. Of those buyers, 26% indicated they will be taking care of an aging parent, and 14% said they want to spend time with an aging parent. These numbers do not come as a surprise. According to Pew Research Center, 64 million Americans (20% of the population) lived in a multigenerational household in 2016 (Last numbers available).

An increasing number of studies affirm the benefits of being part of a multigenerational household. These benefits aren’t just for the grandchildren, but for the grandparents as well. According to these two resources:

The University of Oxford
“Children who are close to their grandparents have fewer emotional and behavioral problems and are better able to cope with traumatic life events, like a divorce or bullying at school”.

Boston College
“Researchers found that emotionally close ties between grandparents and adult grandchildren reduced depressive symptoms in both groups”.

This research gives helpful insight into why 41% of Americans are in the market to buy a multigenerational home.

Website : https://www.vantagerealtypros.com/

More About the Author

We encourage you to experience the unparalleled value of working with Vantage Realty Pros by simply reaching out to us with your real estate dreams in mind. We are here to serve you, in any way we can. Our mission is to continually elevate our client’s real estate experiences through selfless guidance and undeniable expertise. So, whether you’re a first-time home-buyer, a seller, or even a home renovator, Vantage Realty Pros will help you navigate the process to get the positive outcome you’re after. We absolutely love what we do and look forward to having the opportunity to meet with you to discuss your real estate needs. For More Info : Visit Here : http://www.vantagerealtypros.com/

Total Views: 41Word Count: 260See All articles From Author

Add Comment

Real Estate and Foreclosure Articles

1. Five Tips To Stay Motivated And Stop Procrastinating Your Studies
Author: smith mikets

2. Property Management Services In India
Author: Isha Nathan

3. Explain Some Tips On How To Crack Iit-jee, Aieee & All Engineering Entrance Exams
Author: smith mikets

4. How To Realize Your Homeownership Dream The Easy Way
Author: Mason Dexter

5. What Are The Features Of Commercial Property Loans?
Author: What Are The Features Of Commercial Property Loans

6. 10 Amazing Tips To Make Hostel Life Good And Awesome
Author: smith mikets

7. Top Hostel Rules And Regulations For Working Women In India
Author: smith mikets

8. Top Ten Points To For Boys And Girls To Survive A Better Life In Hostel
Author: smith mikets

9. The Lists Of 10 Amazing Benefits Of Staying In A Good Hostel
Author: smith mikets

10. Top 5 Reasons About Why You Should Stay In A Good Hostel
Author: smith mikets

11. Relevant Things About Discount Real Estate Brokers
Author: Rick Lopez

12. Residential Real Estate Certain To Restore Its Demand In Market Post Covid 19
Author: kamal prakash

13. How Can Lake Norman Property Managers Save Me Money?
Author: Zetta Evans

14. The Ultimate Truth About Sell My Own Home
Author: Rick Lopez

15. Technology Proving To Be Boon For Real Estate Sector During Covid 19
Author: kamal prakash

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: