Owning a Home
Would you say owning a home is easier or more difficult that in the past? If you say more difficult, the facts agree with you. According to recent studies, such as one published in the New York Times, nearly 40% of Americans rent. What are the reasons? Some are:
- The high cost of homes
- The large down payment required by lenders
- The low availability of homes for sale
The trend of our complicated economy is that many families have had to move in together to be able to own a home. In additional to the high cost of housing, other contributing factors to multigenerational living are things such as childcare costs, caring for aging parents, etc. Did you know that 57 million Americans live in a multigenerational home?
Choosing to pool resources is a lifestyle solution in building a home that keeps families together and still keeps a degree of independence and privacy.
Take a look at this custom Augusta plan that includes a small apartment suite. Of course this could also be for the steady stream of family or friends that visit, or maybe even a nanny!
Could this be an option for our family? Caring for parents, helping grown children or pooling resources to afford home ownership? What are your reasons or goals? visit our website to chose one of our multigenerational plans or customize one of our plans to suit your family!