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Today’s homebuyers are appreciating the benefits of living closer to their relatives, such as having more quality time with each other, flexible schedules, and help juggling childcare and eldercare. In fact, according to a Coldwell Banker survey conducted in July 2010, 72 percent of homeowners that are parents choose to live within 30 minutes of extended family members – and close to half (42 percent) live less than 10 minutes away.
“People search for homes around life’s most important milestones, which includes welcoming a family’s first child,” said Jim Dohr, president of Coldwell Banker Gundaker. “Not only are parents planning ahead when it comes to buying a home, they are very excited to live near relatives who will help along the way.”
Here are some tips for parents or expecting parents who are searching for a home:
- Perfect home. When searching for a home, sometimes two heads are better than one. Invite parents, brothers and sisters along on the home search to help identify the perfect home for you and your loved ones.
- Home criteria. Determining your priorities and must-have criteria upfront will make your search more efficient. Ask your Realtor and your family members about the importance of bedroom layouts, land surrounding the property, proximity to major streets and more.
- Family budgeting. Aside from property taxes, the cost of living varies from location to location. Ask relatives about the area’s cost of living and what local shops are priced better than others.
- Fun neighborhoods. Stay with your family and tour the area to get to know the neighborhoods. If your children are anxious about moving, make a special trip to the playground in your potential new neighborhood.
Coldwell Banker Gundaker, the leading residential real estate brokerage company in St. Louis, operates 23 offices with nearly 2,000 sales associates serving metropolitan St. Louis and east-central Missouri. Coldwell Banker Gundaker is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices. For more information, please visit www.cbgundaker.com.