{"id":4570,"date":"2023-08-01T13:56:06","date_gmt":"2023-08-01T13:56:06","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/01\/how-to-best-serve-multigenerational-homebuyers\/"},"modified":"2025-03-13T02:52:27","modified_gmt":"2025-03-13T02:52:27","slug":"how-to-best-serve-multigenerational-homebuyers","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/01\/how-to-best-serve-multigenerational-homebuyers\/","title":{"rendered":"How to best serve multigenerational homebuyers"},"content":{"rendered":"\n<p>Finding a dream home for your buyers can be difficult in a market plagued by low inventory and high demand. So what do you do when your buyers include more than a couple looking for their starter home or a growing family looking to raise their children? Throwing grandparents, adult siblings or in-laws into the mix can create a daunting challenge for real estate agents.&nbsp;<\/p>\n\n\n\n<p>A recent report by <strong><a href=\"https:\/\/preprod.housingwire.com\/tag\/rocket-mortgage\/\" target=\"_blank\" rel=\"noreferrer noopener\">Rocket Mortgage<\/a><\/strong> broke down the increasing trend in multigenerational living, so the next time you work with multi-generational buyers, you\u2019ll have all the tools you need to find them the unique home that works for their family.&nbsp;<\/p>\n\n\n\n<p>The report from Rocket says, \u201cIn the last five decades, the number of Americans living with multiple generations under one roof has quadrupled, according to the <strong>Pew Research Center<\/strong>. More than 59 million people live in multigenerational households or a home that includes two or more adult generations.\u201d<\/p>\n\n\n\n<p>Most multigenerational households are using this living situation to save money. A few report living with family for child care or <a href=\"https:\/\/preprod.housingwire.com\/articles\/a-boomer-market-on-the-horizon\/\" target=\"_blank\" rel=\"noreferrer noopener\">senior care<\/a>. Regardless of the motivation, the most common multigenerational living arrangement is a combination of parents and <a href=\"https:\/\/preprod.realtrends.com\/blog\/articles\/how-to-best-serve-gen-z-and-millennial-homebuyers\/\" target=\"_blank\" rel=\"noreferrer noopener\">adult children<\/a>.&nbsp;<\/p>\n\n\n\n<p>Top of mind for these buyers is finding the balance between privacy and the joys of spending time with family.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Privacy&nbsp;<\/h2>\n\n\n\n<p>Key home features that could appeal to multigenerational buyers who value privacy could include:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Basement apartment layouts<\/li>\n\n\n\n<li>On suite bathrooms<\/li>\n\n\n\n<li>Separate office spaces<\/li>\n<\/ul>\n\n\n\n<p>\u201c26.4% of respondents said privacy concerns are common,\u201d the report said. Mitigating privacy concerns will often mean finding larger properties that can accommodate more family members.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-common-spaces\">Common Spaces<\/h2>\n\n\n\n<p>Unlike younger respondents, 30% of the older, parental adults surveyed said, \u201cThe greatest advantage of living in a multigenerational home is the increased time spent with their family. Parental adults are more likely to experience positive improvement with their mental health.\u201d&nbsp;<\/p>\n\n\n\n<p>Common spaces that can provide family time that is important to older adults could include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/preprod.realtrends.com\/blog\/articles\/the-laundry-room-could-make-or-break-your-next-listing\/\" target=\"_blank\" rel=\"noreferrer noopener\">Outdoor living spaces<\/a><\/li>\n\n\n\n<li>Open-concept main floors<\/li>\n\n\n\n<li>Basement or attic rec areas<\/li>\n<\/ul>\n\n\n\n<p>When working with the increasingly popular multigenerational homebuyer, keep these two key factors in mind. These buyers have needs that may differ from the standard homebuyer, but finding their dream home is possible!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are more than 59 million people living in multigenerational households or a home that includes two or more adult generations.<\/p>\n","protected":false},"author":39539,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-4570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How to best serve multigenerational homebuyers - RealTrends - Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/01\/how-to-best-serve-multigenerational-homebuyers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to best serve multigenerational homebuyers\" \/>\n<meta property=\"og:description\" content=\"There are more than 59 million people living in multigenerational households or a home that includes two or more adult generations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/01\/how-to-best-serve-multigenerational-homebuyers\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - 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