A multigenerational home is desirable to some buyers, but not to all. According to What Home Buyers Want, 2021 Edition, buyers are evenly divided when it comes to the desire for a home designed to house the buyer as well as a younger generation and an older generation: 39% would prefer such a home, but 39% would be against it. The remaining 23% are not sure how they feel about a home designed for three generations.
One of the factors most likely to influence a buyer’s preference for a multigenerational home is race/ethnicity. Among Hispanic buyers, for example, 53% are in favor of buying such a home, compared to 27% who would oppose it. Among African-American and Asian buyers, 50% and 46%, respectively, would prefer a multigenerational home, significantly higher shares than the 30% and 29% who would be against the idea, respectively.
Read more at EyeOnHousing.