The COVID-19 pandemic has brought about numerous changes in our lives, and one of the noticeable trends in the real estate industry is families moving closer to their loved ones.
As people strive to prioritize family togetherness and support during challenging times, the demand for larger homes and the concept of multigenerational living has emerged. In this blog post, we will discuss the benefits of moving closer to family and provide valuable real estate advice on finding the perfect home for those considering upsizing or downsizing.
1. Understanding the Changing Real Estate Landscape:
COVID-19 has created both positive and negative impacts on the real estate market. However, one of the most prominent trends is people relocating to be closer to their families, particularly those living on the East and West coasts. The desire for physical proximity and emotional support has led many individuals to seek out homes in the Midwest, where their loved ones reside.
2. The Rise of Multifamily Functional Homes:
Finding a home that accommodates multiple generations is crucial when moving closer to family. The concept of a multifamily functional home has gained popularity, with grandparents occupying the main floor and parents with children residing on the upper floors. This arrangement not only fosters close-knit family relationships but it also provides shared cooking spaces, extra support, and a sense of togetherness.
3. Enlist the Help of a Qualified Real Estate Agent:
When it comes to finding the perfect home for your family, enlisting the help of a qualified real estate agent is invaluable. Kathy Borys and her team of reputable Coldwell Realty agents understand the importance of family dynamics and specialize in assisting families who are looking to upsize or downsize. She can help create a plan tailored to your specific needs, ensuring you find a home that meets your size requirements, budgets, and desired proximity to your family.
4. Assessing Your Priorities:
Before embarking on your home search, it’s essential to determine your priorities. Consider factors such as the number of bedrooms and bathrooms needed, the desired square footage, and the layout that suits your family’s needs. Discuss these specifics with your real estate agent to ensure they find suitable properties that match your criteria.
5. Location Matters:
Moving closer to family involves identifying the ideal location within the area where your loved ones reside. Consider factors such as access to amenities, quality of schools (if applicable), and the overall neighborhood environment. With their extensive knowledge of the local communities, Team Kathy Borys can help you find the perfect balance between proximity to family and a desirable location.
6. Navigating the Upsizing or Downsizing Process:
Whether you are upsizing or downsizing, Team Kathy Borys can guide you through the process smoothly. For those upsizing, be mindful of the need for additional space to accommodate multigenerational living comfortably. For those downsizing, consider the must-have features and the potential for future changes in family dynamics. Team Kathy Borys can provide valuable insights and advice tailored to your situation.
The desire to be closer to family and foster stronger bonds has become a significant driver in today’s real estate market. Whether you are yearning for multigenerational living to enhance family togetherness or downsizing to simplify your lifestyle, finding the perfect home requires careful consideration and expert guidance. Reach out to Kathy Boris, our experienced Coldwell Realty agent, and let her help you navigate the process, ensuring that you find a home that meets your family’s needs while bringing you closer to those you hold dear.
Transcript
Speaker: Kathy Borys [00:00:00]:
There are a lot of things that changed in the real estate industry during COVID. Some were good. Some were not so great. One of the trends that I noticed with COVID was that people started moving closer to family. Those that were living on the East and West Coast and had family in the Midwest decided that they wanted to be closer and not just have communication via Zoom. So some of the trends were moving geographically closer and buying larger houses where you can have a multifamily functional home. So Grandma and Grandpa live on the main floor, Mom and Dad with kids living upstairs.
All of that created a better space for the whole family to be together, cook in the same kitchen, and basically be closer. If you’re thinking of upsizing or downsizing, I can help create a plan that’ll fit your family’s needs. I’m Kathy Boris with Coldwell Realty, and I’d love to help you find your new home.
