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386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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More People Are Finding the Benefits of Multigenerational Households Today

More People Are Finding the Benefits of Multigenerational Households Today | Simplifying The Market

If you’re 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 consider this option for your own home search, know it could help you on your homeownership journey and provide you with other incredible benefits along the way.

Living with Loved Ones Could Help You Achieve Your Homeownership Goals

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, the top reason people choose to live together today is financial.

A recent study from Freddie Mac also finds more people are choosing to buy a home together so they can save money in the homebuying process. As the study says:

“. . . an increasing percentage of young adult first-time homebuyers are relying on support from older generations, including their parents, to buy a home together.”

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’t on their own.

Other Key Benefits of Multigenerational Living

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, explains how this living arrangement can help on a personal and financial level:

“Residing 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.”

If this sounds like a great option for you, it’s 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.

Bottom Line

More people are discovering the benefits of multigenerational living. For the best information and help deciding what’s right for your personal situation, let’s connect and start the conversation today.


GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
2288 Green Valley Street Daytona Beach FL 32124
New Listing - 15 minutes on site
1 / 24
$404,869
5
BEDS
3
TOTAL BATHS
2,451
SQFT
2288 Green Valley Street Daytona Beach, FL 32124
Single Family Residence For Sale
- Active

The first floor of this two-story home shares an open layout between the kitchen, dining area and family room for easy entertaining with access to the patio. A secondary bedroom on the first floor can easily be converted to a guest room or home offic

Listing courtesy of Ben Goldstein of Lennar Realty, Inc.
200 Hidden Hills Drive Ormond Beach FL 32174
New Listing - 12 hours on site
1 / 45
$589,900
3
BEDS
3
TOTAL BATHS
2,429
SQFT
200 Hidden Hills Drive Ormond Beach, FL 32174
Single Family Residence For Sale
- Active

Get ready to fall in love with this spacious 2,429 sq ft home that's perfect for growing families and those who love to live big! Featuring 3 bedrooms, 3 full bathrooms, and a versatile flex room with French doors—there's space for a home office, pla

Listing courtesy of Brett Lambert of Signature Homes Realty Group
1051 Ocean Shore Boulevard 1103 Ormond Beach FL 32176
New Listing - 15 hours on site
1 / 36
$495,000
2
BEDS
2
TOTAL BATHS
1,200
SQFT
1051 Ocean Shore Boulevard 1103 Ormond Beach, FL 32176
Condominium For Sale
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Experience breathtaking, unobstructed ocean views from this elegant 2-bedroom, 2-bathroom direct oceanfront residence, located on the 11th floor of the highly desirable Van Lee condominium. This beautifully maintained unit features tile flooring thro

Listing courtesy of Sarah Caudill of Florida Life Real Estate Group

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Related posts:

  1. Millions of Americans Have Discovered the Benefits of Multigenerational Households
  2. What Is Multigenerational Housing? [INFOGRAPHIC]
  3. 5 Reasons to Consider Living in a Multigenerational Home
  4. Multigenerational Homes Are on the Rise

Posted in: Baby Boomers, Blog, Demographics, For Buyers, Gen Z, Generation X, Millennials

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

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SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

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James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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