Young home buyers have been quite keen at home sharing and renting as a source of income, which is quite a change from the older generations.
A somewhat shocking share of buyers under age 40 are fine with the idea of renting out their homes, or at least space in them, for future rental income or to help pay the mortgage.
Nearly half (48%) of Gen Z buyers and 40% of millennial buyers who purchased a home in the past year say the opportunity to rent out the entire home for future rental income is very or extremely important to them
A significant share of Gen Z, ages 18-24, and millennials, ages 25-39, also say they want the opportunity to rent part of their home while they live in it: 42% of Gen Z and 35% of millennials say the ability to do that is very or extremely important to them.
For more information or any questions regarding sales tips for real estate agents, contact Chang Legal today.