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Sandra Dawson's Blog

By Sandra Dawson | Agent in Oklahoma City, OK

How To Market Your Homes "Extra" Space

Jared Kennedy - 04/19/2012

                                                  Bringing the Generations Together

Although your home may have been housing a traditional family of a mom, dad and two kids, savvy real estate agents will tell you that in order to attract more buyers, staging your house as one fit for multi-generations is the way to go.

More parents and grandparents are finding a need to move in with family, as many can no longer afford the increasing rates of the adult communities where they once lived. Furthermore, the economic climate is forcing many kids to return home once their schooling is done.

A recent multi-generational study conducted by the Pew Research Center, Washington, D.C., revealed that multigenerational living has been on the rise over the past decade, fueled by demographic and cultural shifts.

“One of the things that struck me about this change is that it’s coming from all directions,” said Paul Taylor, author of the report. “More young adults are moving back home, more elderly are moving in with their middle-age children and more middle-aged children are moving back with their elderly parents.”

Data from the study shows that in the 10-year span between 2000 and 2009, the number of households practicing multi-generational living increased to 33 percent, with more than 49 million Americans currently living in homes with three or more generations.

Real estate professionals are tending to highlight features such as finished walkout basements and bonus bedrooms today more than ever. That’s why when your real estate associate tells you that switching out your office or transposing the basement play area to one that resembles more of a bedroom is the way to go, you should be listening.

Read The Full Article: How To Market A Homes Extra Space

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