Let Someone Else Pay Your Mortgage -Share Your Home

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

multo gen homes

                       Let Someone Else Pay Your Mortgage

 

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.

 And now, with the Covid pandemic, families want to be together by having enough room for extended stays. They want to avoid hotels and rentals.

Grandparents move in to look after their grandchildren; an older relative may move in to be cared for to eliminate retirement communities' expense or nursing homes. A young adult child moves home after college or a divorce, now single with a family.

 

 

Sharing a home with friends, or colleagues, or those who may travel together has brought the extended family concept into focus.

You could 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.

Another situation;  buy that big mansion in the area you want to be in. You don’t need to live in all of it. Think about dividing the home and renting. Are there spaces that have their own entrance, their own living space, outdoor space? Are there other bedrooms that could be owner suites with private baths and kitchen space?

Think about this. Buy that big expensive home that you’ve always dreamed about. Live in it for free! Yes, I did say free. If the home is right and you can rent a couple of areas,  for sure, that could be enough to pay your mortgage and maybe have something left over for maintenance expenses. 

 

If you want to know more about these special properties, let me know. Within the next month or two, I will have several of these homes available. Give me a call, and let's talk.

To find out more than one way to live in a home...

Call Margaret Rome

 

Margaret Rome

 

Comments (6)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good evening Margaret Rome Baltimore 410-530-2400 ,

We have been seeing families share a home for quite some time in Austin because so many residents have families from other countries that come and move in with them. It sure cuts down on lots of expenses to pool resources!

Dec 15, 2020 07:27 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Believe it or not, I'm seeing more and more of the scenario that you depicted in my neighborhood 🎅

Happy Tuesday Margaret Rome Baltimore 410-530-2400 

Dec 15, 2020 08:09 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

This is a timely post! And I can't wait to see your upcoming listings!

Dec 16, 2020 06:17 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Dorie Dillard CRS GRI ABR  So many good reasons to share when the situation is right.

Dec 16, 2020 04:21 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Paul S. Henderson, REALTOR®, CRS We are seeing more and we are in a position to encourage this sharing of real estate.

Dec 16, 2020 04:23 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Kat Palmiotti Always good to see you and stay tuned.

Dec 16, 2020 04:23 PM