Marriage is like a box of chocolates – you never know what you’re gonna get. Unlike those sappy rom-coms, real-life marriage is more like an adventure-comedy, complete with unexpected twists and turns (like suddenly sharing your home with your in-laws!).
After the confetti settles, most newlyweds embark on a quest for the perfect home. And in 2024, with rising interest rates and a competitive market, that quest can feel more like an epic saga. But don’t worry, we’ve got you covered.Â
Here are five tips to help you navigate the 2024 house-hunting jungle and find your dream home – one that’s big enough for love, laughter, and the occasional squabble over the TV remote.
1. Crunch the Numbers: Assess Your Finances in 2024’s Market
Before you start swooning over open floor plans and gourmet kitchens, it’s time for a financial reality check. With interest rates on the rise, understanding your budget is more crucial than ever. Factor in those expected (or unexpected) additions to your household and set a realistic budget for your new digs.
Don’t forget to check your credit reports – a few financial hiccups could make getting a mortgage a nightmare.
2. Your Must-Have List: Define Your Dream Home Features
Grab a pen and paper, or open up a shared document, and start brainstorming your must-have features. In 2024, open floor plans and home offices are all the rage. But what about your in-laws? Do they need a separate entrance for privacy? Is a main-floor bedroom essential for accessibility? How important is proximity to medical facilities?
3. Multigenerational Living: Granny Suites and ADUs (Accessory Dwelling Units) – The 2024 Trend
Let’s face it, living with your in-laws isn’t always a picnic. But hey, it’s becoming more common these days, especially with the rising cost of housing.
Thankfully, there are “next-generation” homes with in-law suites or the increasingly popular ADUs. These are basically self-contained apartments within the main house, complete with their own entrance and (sometimes) a kitchenette. It’s like having your own little village under one roof!
Just be aware that adding these units can sometimes trigger additional property taxes. Nobody said multigenerational living was cheap!
4. Beyond the House: Choosing the Right Neighborhood
A house is more than just four walls and a roof. It’s about the community you’re becoming a part of. Do some digging into the neighborhood’s crime rate, school options (if kids are in the cards), traffic congestion, and any upcoming construction projects that could turn your peaceful cul-de-sac into a war zone.
Consider the neighborhood’s walkability, access to public transportation, and proximity to essential amenities like grocery stores, pharmacies, and hospitals.
5. Schools and More: Future-Proof Your Home Choice for 2024 and Beyond
While you may not be thinking about diaper changes and PTA meetings just yet, it’s wise to consider the future. Is the neighborhood family-friendly? Are there parks and playgrounds nearby? What about schools – are they top-notch or bottom-of-the-barrel?
A good school district can add thousands to your home’s value, but remember, you don’t need to stress about this until your little one is ready for school.
The Cal Agents are Here to Help!
Buying a home in 2024 is no walk in the park. But with the right guidance and support, you can find your dream home and create a happy, harmonious multigenerational household.
Contact The Cal Agents today for personalized advice on navigating the 2024 housing market. We’re experts in multigenerational living and can help you find a home that meets your family’s unique needs. Or, sign up for our newsletter for the latest home buying tips and trends.
Let’s make your dream home a reality!