Due to the pandemic, multigenerational living is extremely popular right now. In fact, multigenerational Orlando homes are in very high demand. According to the Business Journal Orlando, realtors across Central Florida have seen an increase in interest among buyers for homes that can accommodate multiple generations. This is also a trend that has been seen nationwide. According t a report by the National Association of Realtors, 15% of homebuyers after March 2020 bought a multigenerational home.
This trend is a huge factor as to why Orlando homes are flying off the market. Buyers are looking for more space to accommodate a new way of life. In fact, the median square footage of a pending Orlando home has increased from March 2018 to this March from 1,735 to 1,794.
Furthermore, builders have noticed the high demand for multigenerational homes, too. In fact, it is one of the strongest demands among homebuyers. The main reason why buyers want this type of home is to be able to accommodate older family members. Another reason include cost savings and young adults not leaving due to financial constrains and lack of home inventory.
Orlando has suburban cities that are very charming and typical of central Florida, but that, at the same time, offer complete infrastructure. All are just a few minutes’ drive from downtown Orlando, which guarantees access to major shopping and entertainment centers. If you are looking for the perfect home for you in Central Florida, we are here to help!
AMG International Realty is a global real estate company specializing in Florida. Contact us today! Chat with me now via WhatsApp: +1 (305) 318 6968 (Heloisa Arazi).