April 26th, 2024
Ever thought about living in the same house with your grandparents, parents, or other loved ones in Oklahoma? You're not alone. Many are opting for multi-generational homes where everyone can live together. Let's explore why this trend is gaining popularity and see if it's right for you.
Why Choose Multi-Generational Living in Oklahoma? According to the National Association of Realtors (NAR), here are some key reasons why buyers in Oklahoma are opting for multi-generational homes:
Care for Aging Parents:Â 27% of buyers choose multi-generational homes to make it easier to care for their aging parents, while 19% do it to spend more time with them. Many older adults prefer to age in place, and living in a home with loved ones can facilitate that. If your parents are considering this, a multi-generational home might be the solution.
Cost Savings:Â 22% of buyers select multi-generational homes to reduce costs, and 11% need a larger home that multiple incomes can afford. Sharing expenses like the mortgage and utilities can make homeownership more feasible, particularly for first-time buyers in Oklahoma's competitive market.
As Axios explains, "Financial concerns and caregiving needs are two major reasons people live with their parents (and parents’ parents)."
How an Agent Can Help You Find the Right Home Searching for the perfect multi-generational home in Oklahoma requires careful consideration of everyone's needs and preferences. It's like assembling a puzzle where all the pieces need to fit perfectly.
If you're interested in multi-generational living and want to maximize its benefits, team up with a local real estate agent who understands Oklahoma's housing market and can guide you through the process.
Bottom Line Whether you're looking to save money or care for your loved ones, buying a multi-generational home in Oklahoma could be the right choice for you. If you want to learn more, let's talk.
Nora Hogue
Broker/Owner
Mint Realty
918.800.9881
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