What are the multigenerational house shopping tips?
Two major keys when buying a multi-generational home are communication with your professional agent and learning the expectations of the local real estate market. Combine that with every family is unique and the stress in finding a multigenerational home rises exponentially.
Therefore every multigenerational home must have an individual style, number of rooms and private and public area mix. Taking time before home searching to create a detailed checklist will save frustration and many hours.
Here are 6 tips for buying a multigenerational house.
1. Communication – Everyone should be heard. Have a family meeting where the oldest to the youngest expresses their wants and desires list. Create a checklist with all the wants, needs and hope for features of the house. Add clear communication to the real estate professional to that list. If you want 4 bathrooms with 2 of them full baths let the realtor know upfront. You family only has so much time to invest in finding the right home. Use the house shopping time to the best way possible is an important benefit to good communication.
2. Expectations – Even with an unlimited budget, it could be difficult to find the multigenerational home that has what everyone wants and desires. Manage the expectations and the journey to the new home will be much more joyful.
3. Finances – Open, honest and clear communication about the money up front can save many problems. Finances can be broken into two areas. First, how much can we pay for the home? Second, what are the monthly bills and who is going to pay for what? Multigenerational family can have more than one income generating members. How will pay what bills and who will be on the mortgage are big issues to agree before looking for a multigenerational home.
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4. The home – What does the family need and want in a multigenerational home? What public areas are needed? What private areas are needed? The multigenerational home checklist can help with this discussion. Sacramento real estate has many types of property that can be used as a multigenerational home.
5. Work with a real estate professional – Multigenerational housing experienced real estate agents are rare. But they can save time and money when looking for this type of home. At Coffee Real Estate we work with the unique dynamic of every multigenerational family to find them the very best home that works with their budget, wants, needs and location.
6. Special needs – Special needs can help find the right home by looking for that must have feature a professional real estate agent can narrow the search of properties. A family member’s necessity of a special needs bathroom or access can exclude many homes. Think about using this property feature to focus the home search. Many times a former care home property could be an excellent fit for special needs family.
Finding the right location, style of home, in budget can be a daunting task; but add the family dynamics of a multigenerational family and it can feel overwhelming. Use these 6 tips to get a handle on the process and partner up with a Coffee Real Estate agent to share the load. Then your dream home is just a matter of time.
