Categories

Living Near Family Not Important to Prospective Home Buyers

living near familyReal estate website Trulia.com polled more than 2,000 people this summer to find out what’s important to them when looking for a place to live. They asked each respondent whether or not they had children, in order to identify what changes for home buyers or apartment hunters once they have kids. Among parents, the top three things they’re looking for in a home are:

1. Size

2. Low neighborhood crime rate

3. Good school district

Makes sense, right? You need a home big enough to fit your family comfortably, in a safe neighborhood with good schools. What parents of young children aren’t worried about is living near family. Only 33% of respondents with children and 29% of respondents without children say they’d take proximity to extended family into consideration when looking for a place to live.

Family members want intimacy at a distance,” Rutgers University sociology professor Deborah Carr told MarketWatch. “They want love and support from their kin, but they also want to maintain their independence and autonomy.” Carr says, “some parents of young children might worry that their parents will try to impose outdated ideas about child rearing and discipline,” so they don’t want to live right next door.

MarketWatch also quotes Carrie McBride, the family editor of ApartmentTherapy.com, who says that even for people who do want to live close to family, the “desire to be near family can compete with economic stability and opportunity.” While some new parents live far away from their family for economic reasons, others live with their families for the same reasons. MarketWatch reports, “In 2008, a record 16% of Americans lived in a household with at least two adult generations.” According to AARP, America saw “a 10.5 percent increase in multigeneration households from 2007 to 2009. And a 2012 survey by national home builder PulteGroup found that 32 percent of adult children expect to eventually share their house with a parent.”

Our own Sunny Chanel says living near her dad has been a joy. She told me, “I live three blocks from my dad. It actually wasn’t done on purpose, but it certainly is handy!”

Story via TODAY

Photo credit: iStock

Tagged as:

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, profile photo and other personal information you make public on Facebook (e.g., school, work, current city, age) will appear with your comment. Learn More.