Share That House

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

Have you thought about sharing a home? Have you thought about a home for multi-generations? 

Why?

There might be many reasons such as the rapid rate of retiring baby boomers, boomerang kids, world or business travelers who don't want to leave their home vacant, college children, or seniors who want to stay and age in place in the home they love. 

Grandparents move in to look after their grandchildren; an older relative may move in to be cared for to eliminate the expense of retirement communities or nursing homes or a young adult child moves home after college or a divorce.

 

 

Sharing a home with friends, or colleagues, or those who may travel together has brought the extended family concept into focus. Some people are looking to live in a nice home in a good neighborhood that sharing a home would make it possible. Sharing the house expenses makes good sense. 

 

These same homes that are good for multi-generations would work for co-ownership. And you don't need to be related to share a home.

 

Here are a few properties in different styles, different neighborhoods, and different price ranges that could be shared, co-owned, or even rented depending on the situation.

Check out each one:

 

25 Highfield Court 21030

 

8978 Furrow Ave 20142

 

 2911 Montebello Terrace 21214

 

315 Northlands Court 21078

 

8511 Arborwood Rd 21208

 

 

Are you thinking about sharing a home?

Let's talk about it, call Margaret Rome

 

Margaret Rome

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Topic:
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Location:
Maryland Baltimore County
Groups:
Cosmic Cow Pie...The Rome Way
Bananatude
Bartender, Make it a Double
Old Farts Club
Tags:
senior living
renting your home
homerome
harford county
bulle rock
aging in place
ellicott city home
sharing a home
multi generational homes in baltimore
multigen home
hunt valley home

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Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Margaret Rome, Baltimore Maryland there are many advantages of multi-generational homes....it's a great way for family members to take care of each other....

Nov 24, 2019 05:33 AM #5
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I would try and call in today as this topic is so near and dear to my heart. However, my son, daughter-in-law, and 3 grandkids are here today and we have places to go. Including the new Frozen 2 movie. :) I can tell you approximately 30% of our sales are multigen homes. Most often boomers moving in with a son/daugher family with young kids. Although, like our situation, we also see boomers taking care of their parents, one or both. I'm also seeing single women, such as mom and daughter sharing a house. The bottom line, we find privacy to be a big issue, ensuring each generation has plenty of space is so critical. The other thing we did, and always recommend, hammer out an agreement prior to moving in together. The what-if list. We also went to an estate planning attorney to help us cover the legal what-ifs.  

Nov 24, 2019 06:23 AM #6
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Margaret - as thoughts and situations continue to evolve about housing, opportunities seem to occur.  Imagination matters.  

Nov 24, 2019 06:43 AM #7
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

James Dray And you picked two favorites of mine!

Nov 24, 2019 07:35 AM #8
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Wayne Martin Like you, many of us never consider this option. 

Nov 24, 2019 07:36 AM #9
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Barbara Todaro It is a great way for families to take care of each other but we can expand that to good friends also.

Nov 24, 2019 07:37 AM #10
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

When we think of multi gen , we think Debb Janes EcoBroker and Bernie Stea JD 

  I will be mentioning you on the show today. Enjoy the family and all the kids and grandkids!

Nov 24, 2019 07:40 AM #11
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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  1. Always good to hear from you and so true..."Imagination matters." Michael Jacobs 
Nov 24, 2019 07:46 AM #12
Rainmaker
1,365,946
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Hi Margaret,
I think this is a subject that will get more attention as time goes by. Multiple generations used to live together more and I think we may see a shift back to that. We already are.  Oh how wonderful it would have been if Debb Janes EcoBroker and Bernie Stea JD could have called into your show today!

Several widow friends and I have talked about a Golden Girls type house. A pre-move agreement and "what if" outline, as Debb mentioned, is critical. 

In the past, I have been one to encourage co-ownership. As prices continue to increase this may become more of a necessity than an option.

Nov 24, 2019 08:08 AM #13
Rainmaker
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Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Margaret. I think this is a viable idea for many. It is always worth considering. Nicely done.

Nov 24, 2019 08:20 AM #14
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Carol Williams Leaving for the station right now...but I will be mentioning your comment on the air. Thank you!

Nov 24, 2019 08:30 AM #15
Rainmaker
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

BTW: May I suggest you and Debb Janes EcoBroker and Bernie Stea JD coordinate a day that she CAN call in. What a great conversation that would be. 

Nov 24, 2019 08:44 AM #16
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Carol Williams Good idea!

Nov 24, 2019 12:40 PM #17
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Thank you Sheila Anderson Hoping that more people recognize and think about this option. 

Nov 24, 2019 12:41 PM #18
Rainmaker
2,598,022
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I've only shared a home for fairly brief periods of time.  When I was a young bride, we went through a few years, where we lot both our parents, and a couple grandparents.  Twice we had ailing parents live with us, while I acted as mother to my children, and nurse to a parent.  When I look back, even with the difficult time of juggling responsibilities, there was so much warmth and fond memories built.  Would I do it all over again?  You becha!

Nov 24, 2019 01:37 PM #19
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Margaret= I love the idea of home sharing. Our old home when I was growing up had a garage apartment. When my mother was older and living on her own, my sister-in-law's younger sister, who had just graduated from college lived in the garage apartment rent free. We liked that she was there to keep an eye on my mother. 

Nov 24, 2019 06:13 PM #20
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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Myrl Jeffcoat  Those of us who have done this would feel like you.

"When I look back, even with the difficult time of juggling responsibilities, there was so much warmth and fond memories built.  Would I do it all over again?  You betcha!"

Nov 25, 2019 03:26 AM #21
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Kathy Streib Your were ahead of your time. That garage apartment would now be considered a multi-gen home. 

Nov 25, 2019 03:29 AM #22
Rainmaker
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Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

To share a home takes big hearts and the happiness that follows is joy and love. 

Nov 25, 2019 12:27 PM #23
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Patricia Feager, MBA, CRS, GRI,MRP  

Beautifully said! 

Nov 25, 2019 04:18 PM #24
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