Seniors Real Estate In Durham’s Post

Selling your aging parents' home is a significant decision, and it comes with both pros and cons to carefully consider. Pros: Financial Freedom: Selling the home can provide financial resources for your parents' care, retirement, or other needs. Reduced Maintenance: No longer worrying about property upkeep can alleviate stress and physical demands. Simplified Living: Downsizing to a smaller home, condo, or senior living community can make daily life more manageable. Community Access: Moving to senior-specific housing can offer social opportunities and support services. Estate Planning: Selling the home can help with estate planning and asset distribution. Cons: Emotional Attachment: Letting go of the family home can be emotionally challenging for your parents and the family. Moving Stress: The logistics of moving and settling into a new environment can be overwhelming. Financial Considerations: Selling may have tax implications, and transitioning to senior housing can be expensive. Timing Issues: The real estate market and the need to find the right living situation can complicate the process. Change in Lifestyle: Moving can mean adapting to a new community and lifestyle, which may not be ideal for everyone. It's crucial to weigh these factors carefully and, ideally, involve your parents in the decision-making process. Each family's situation is unique, so consider what aligns best with your parents' wishes and requirements. Download my free guide to 'Navigating the Sale of Your Parents' Home' at https://lnkd.in/gi8eU5p8 #HomeSale #DurhamHomes #HomeSale #OshawaSeniorCare #IndependentLivingCommunity #WhitbyHousing

👨👩👧👦 The Rise of Multi-Generational Homes: Is It Right for You? 🏡 In a move that honors both family and finances, many are turning to multi-generational living—a choice that makes sense in so many ways. ✨ Why Multi-Generational Homes? 🤝 Care & Connection: 27% choose these homes for easier caregiving, while 19% do it for quality time, making aging in place for grandparents a loving choice. 💸 Cost Savings: Sharing expenses like mortgages and bills makes owning a home more attainable, with 22% choosing this lifestyle for financial ease. 💡 Multi-Generational Living Benefits: 🤗 Strengthen family bonds by living together. 💰 Share costs and ease financial burdens, particularly for first-time buyers. 🏘️ Offer support and companionship for aging family members. 🔍 Finding the Perfect Fit: Navigating the multi-generational home market requires insight and patience. Partner with a skilled real estate agent to find a home that meets the diverse needs and preferences of your family. 🏠 Ready to Explore? If multi-generational living sounds like your next chapter, let's connect! A local real estate agent can guide you to a home where everyone has a space to thrive. 📲 904-907-4559 📧 danielle@daniellefraserrealestate.com 🔗🌳 https://lnkd.in/gx45-kxS 🔗 to blog: https://bit.ly/3xUkbci #MultiGenerationalLiving #FamilyFirst #Homebuying #RealEstateTrends #FamilyHome #ElderCare

📢 Did you know? Owning a home could add years to your life! 🏡💼 A fascinating study from Oxford University reveals that homeownership is linked to longer life expectancy—by 0.36 years for Black males and 0.42 years for White males born in the early 20th century. But it’s not just about owning property; it’s about the wealth, stability, and social benefits it brings. 🌟 Here’s why homeownership matters: Homeownership is a powerful social determinant of health, influencing financial stability, community connections, and access to safer, more secure living conditions that collectively enhance overall well-being and longevity ✅ Financial security: Builds wealth, saves on housing costs, and creates a safety net for the future. ✅ Stronger communities: Homeowners often enjoy deeper social connections and a sense of belonging. ✅ Better health: Improved housing conditions mean fewer risks of chronic and infectious diseases. ✅ Peace of mind: The stability of owning a home reduces anxiety, stress, and the fear of eviction. But here’s the catch: Millennials are struggling. Only 33% own homes by age 30, compared to 55% of the Silent Generation. With rising housing costs and wage stagnation, the dream of homeownership feels out of reach for many. Keepingly® Empowers Homeowners: 🔹 Track Your Home’s Health with the KeepTrack Score: Stay ahead of maintenance by monitoring your home’s condition with our KeepTrack score. Proactive upkeep means fewer emergency repairs, less stress, and lower long-term costs. 🔹 Peace of Mind, All in One Place: Organize critical documents, warranties, and service records effortlessly. Never scramble for paperwork when something breaks – Keepingly® has you covered. 🏘️ What’s the solution? The study calls for equitable housing policies to close the racial and generational gaps. Expanding access to homeownership could not only boost financial security but also improve public health and well-being. https://lnkd.in/eCq5wNzP Vance K. Jackson Jr. Joe Ventrone Amy McCoy Nathaniel Crawford Katy Kelly Samantha Katz #homeownership

Did you know that homeownership can significantly reduce financial stress and contribute to overall wellness? Owning a home provides financial benefits such as equity building and predictable housing costs, which can reduce financial stress and improve mental health. Homeowners often experience greater financial stability compared to renters, as they build equity over time and benefit from predictable mortgage payments, unlike the rent increases renters may face. According to a study by the Joint Center for Housing Studies at Harvard University, having stable and predictable housing costs allows homeowners to better plan their finances, leading to reduced stress and improved overall well-being. The sense of financial security that comes with homeownership can lead to a more peaceful and fulfilling life. At LifeWise StL, we are dedicated to helping individuals and families achieve the dream of homeownership through our comprehensive economic wellness programs. By providing financial education and support, we empower our community to build a stable and healthy future. Join us in celebrating National Homeownership Month by exploring how the financial benefits of homeownership can enhance your wellness and reduce stress! #LifeWiseStL #NationalHomeownershipMonth #WellnessWednesday #FinancialWellness #Homeownership #CommunitySupport Source: The State of the Nation's Housing 2020 (harvard.edu)

𝐓𝐡𝐞 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐢𝐧𝐠 𝐚 𝐌𝐮𝐥𝐭𝐢𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐇𝐨𝐦𝐞 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨 Multigenerational homes are quickly becoming a sought-after option in Ontario's real estate market. Here’s why this type of home might be the ideal choice for your family: Cost Efficiency: With the rising cost of housing, sharing expenses among family members can significantly reduce financial strain. Pooling resources for the mortgage, utilities, and maintenance makes homeownership more attainable for everyone. Family Support & Connection: These homes foster stronger family bonds by keeping loved ones close. Whether for childcare, eldercare, or shared companionship, multigenerational living provides emotional and logistical support. Smart Long-Term Investment: As the population ages and housing costs continue to rise, multigenerational homes offer a future-proof solution. The government’s Multigenerational Home Renovation Tax Credit also helps make home modifications more affordable Limited Availability: While only 3.9% of Ontario homes are designed for multigenerational living, this trend is growing as more families recognize its benefits If you’re considering a multigenerational home in Ontario, now is the time to explore available options. Contact me to discuss how this type of home can work for your family’s needs. Teriza Botros Real Estate Services Royal LePage Real Estate Services Ltd., Brokerage (416) 919-0464 📧 teriza@royallepage.ca 🌐 www.terizabotros.com #MultigenerationalHomes #OntarioRealEstate #FamilyLiving #InvestmentOpportunity

As someone who (with gratitude) has her mom living with her part-time this one is personal - Multigeneration homebuying is becoming a popular real estate strategy for families around the United States. Living with family can be cost-effective, increase your purchasing power and offer shared household duties. Thinking about making the move? Learn more about multigenerational homebuying in our Insights article. #MultiGenerationalHome

Welcome to the second installment of my new series, 'What Bob Read This Week' featuring me, Bob Greben (Hi, again). Something interesting I read this week is actually more "on brand" for me..surprise, surprise, it's about finances! But just stay with me here, you might find this interesting too: There may or may not be a misconception that younger people simply aren't interested in home ownership, and may be prioritizing travel, vacations, ect. And while this MAY be true for some individuals, according to a recent article by BNN Bloomberg, Canadians are actually EAGER to own their own homes. In fact, 49 per cent of Canadians plan on buying a home within the next five years, though most appear willing to wait out the high interest rates, as only 11 per cent plan on buying in the next 12 months. Under Canadian guidelines, home purchases require a five per cent down payment at minimum, while homes sold for more than $500,000 require a minimum payment of five per cent for the first $500,000, and 10 per cent for the remainder. The problem? 21 per cent of Canadians aged 18-34 who plan to buy a home in the next five years have not started saving. Now. Do we think they're choosing NOT to save, or is cost of living simply making it difficult to put anything away? I know as a wealth manager that even putting away $50 a month, or compounding, can make a difference- but do our children and grandchildren? What do you think is the most challenging part of homeownership for young professionals? I'd love to discuss, so drop me a comment For the full report: https://lnkd.in/gyWu4PiN

- Multi-generational living is becoming popular as families opt to buy homes where several generations can live together. - Benefits include:  - **Financial Savings**: Sharing expenses like mortgage and utilities reduces financial strain.  - **Support System**: Family members can help with childcare, eldercare, and emotional support.  - **Quality Time**: More opportunities for bonding and shared experiences.  - **Shared Responsibilities**: Household tasks can be divided, making them easier to manage.  - **Cultural Continuity**: Allows for the continuation of family traditions.  - **Sense of Security**: Knowing family is nearby provides peace of mind. - Consider these factors to see if multi-generational living is right for you.

🌟 Ever thought about buying a home with your loved ones? 🌟 More and more families are choosing multi-generational living, and it’s easy to see why! Here are some key reasons why recent buyers are making this choice: 🏠 Cost Savings: Share mortgage payments and household expenses to ease financial burdens. 👵👶 Family Support: Provide care for elderly parents or childcare for little ones right at home. 💖 Stronger Bonds: Enjoy closer family relationships and reduce loneliness with loved ones around. 💼 Convenience: Split household chores and responsibilities for a smoother, more manageable daily life. 🌍 Cultural Traditions: Embrace and continue family practices that emphasize unity and support. 📈 Investment: Make a smart real estate investment together and watch your property value grow. Thinking about taking the plunge? Multi-generational living might be the perfect fit for your family! 🏡❤️ #FamilyFirst #HomeSweetHome #MultigenerationalLiving #RealEstate #FamilyLiving #TopProducer #LuxuryRealEstate #GreaterBostonRealEstate #GreaterBostonHomesForSale #TopRealtorStoneham #StonehamMaHomesForSale #StonehamRealEstate #TopRealtorNewton #NewtonMaHomesForSale #NewtonRealEstate #BestOfTheBest #ThePrestiGroup #Wegotheextrablock.

With all the headlines and talk about housing affordability, it can be tempting to get lost in the financial side of buying a home. That’s only natural as you think about the dollars and cents of it all. And while you ultimately need to be able to afford a home you buy, don’t lose sight of why homeownership was so important to you in the first place. That’s because buying a home is so much more than just a financial transaction. Here’s a look at just a few of those more emotional or lifestyle perks, to help anchor you to why homeownership is one of your goals. A Sense of Satisfaction Owning a home is often associated with better mental health and well-being. T More Stability for Your Family Another thing that may make homeowners feel more satisfied is that they’re finally able to put down roots. A Stronger Feeling of Community And if you’re also looking for a sense of belonging for yourself, homeownership can help with that too. The Ability To Make the Space Your Own And don’t forget, your home is a place that’s all yours. Unless you’ve got specific homeowner’s association requirements, you’re free to customize it however you see fit. So, if renting has been cramping your style, it’s time to express yourself and jump on the latest trends (if you want to). If you want to enjoy a sense of accomplishment and pride in where you’re living, let’s have a conversation to go over what you need to do now to make this future happen for you. #confidentdecisions #realestate #keepingcurrentmatters