(636) 898-0888   Toll Free: (877) 456-2900

back to all posts

The Benefits of Living in a Multigenerational St. Louis Home

Jan 13, 2023 | Industry News

Share this Post

Over the past few years, the trend of multigenerational living in St. Louis has steadily increased. A multigenerational home is one that includes two or more generations of family members living under the same roof. It can be incredibly beneficial for everyone involved and has become an attractive option for many people. In this article, we'll look at some of the advantages that come with living in a multigenerational St. Louis home.

 

Financial Benefits

One of the major benefits to living in a multigenerational home is financial savings. By pooling resources, families can split costs such as utilities, groceries, and mortgage payments, which helps to reduce the amount of individual expenses required for each person or family unit in the house. This is especially beneficial for those who are just starting out on their own, like college students or newlyweds; since they may not have enough income to cover all their bills on their own yet.

 

Support System

Living in a multigenerational home also provides an excellent support system, as well as additional emotional benefits. With multiple generations living together, there is always someone available to offer advice or lend a hand when needed – whether it's providing childcare while parents are away, or helping with day-to-day tasks like grocery shopping or meal planning. Plus, having multiple generations present can be very comforting and provide reassurance during difficult times like illness or job loss.

 

Sense of Community

Finally, there is something special about having multiple generations living together under one roof; it creates a sense of community and belonging that can't be replicated elsewhere. Not only does this help foster strong familial bonds, but it also encourages respect between different age groups as everyone learns from each other and works together to make sure everyone's needs are met within the household. 

 

Making it Work in St. Louis

St. Louis is an ideal place to take advantage of multigenerational living due to its wide range of housing options available across various neighborhoods and price points. Also, many neighborhoods have access to public transportation, which makes getting around easier than ever before! Additionally, St. Louis is home to several universities, which provide educational opportunities for those interested in continuing their learning journey or taking advantage of job opportunities within the city. Finally, St. Louis has an active culture with plenty of things going on throughout the year, including festivals, events, concerts, and more – making it easier than ever before for those looking to get out and explore what the city has to offer.

 

Living in a multigenerational St. Louis home comes with its own set of unique rewards that far outweigh any potential drawbacks that may arise from sharing space with multiple family members at once. Whether you just want to save money or you're looking to enjoy some extra company around the house, there are plenty of benefits that come with choosing this type of lifestyle – so why not give it a try? You could find yourself enjoying all sorts of unexpected perks.

If you’d like to talk more about any of these ideas, or if there’s something else we can be of assistance with, please reach out to us. We’re always happy to help.

 
Previous PostNext Post

Related Posts

Is Your St. Louis Lease Expiring? Is it Time to Buy?

What St. Louis Homebuyers Should Know About Adjustable-Rate Mortgages (ARMs)

Which Down Payment Assistance Programs are Available for Des Moines Homebuyers