In recent years, homesharing has emerged as a transformative living arrangement that offers numerous benefits to both homeowners and houseguests. By bringing together different generations under one roof, homesharing creates a unique environment that fosters financial stability, emotional well-being, and social connections. Here, we delve into seven surprising statistics that highlight the positive impact of intergenerational living. These insights might just make you consider homesharing as a viable and rewarding option for your living situation.
Many homeowners are surprised to learn just how much they can save through homesharing. On average, homeowners who participate in homesharing programs save approximately $6,000 annually on living expenses. These savings come from earning income from their spare bedroom to offset other household costs. This extra income can be a significant relief, especially for retirees on fixed income.
“Homesharing has not only helped me cover my utilities but has also allowed me to put away a little extra each month for my nest egg”
According to a new AARP "Home and Community Preferences Survey." Data shows that 77 percent of older adults want to remain in their homes forever— a number that has been consistent for more than a decade.
Safety is a crucial concern for many homeowners, especially seniors. Surprisingly, 73% of homesharing participants report feeling safer in their homes with a houseguest than living alone. Most cite having another person around that can deter potential intruders and provide immediate assistance in case of emergencies.
“Having a houseguest gives me peace of mind knowing that someone is there to help if I need it,”
With rising inflation impacting everything from food to utilities to property taxes, many older adults are unsure if their savings will last throughout retirement. This anxiety can be alleviated with home sharing and being able to extract value from their home with the rent paid by the homesharer.
Intergenerational living offers a unique opportunity for cross-generational learning. An impressive 87% of homesharing participants report learning new skills from their housemates. Whether it’s being introduced to new technology, a new cooking technique, or sharing gardening tips, the exchange of knowledge and skills enriches the lives of both homeowners and houseguests.
“I never thought I’d be learning how to use Facetime in my 70s, but my houseguest has shown me the ropes, and now I can keep in touch with my grandkids more easily,”
A study found that there are 11.76 million homeowners over the age of 65 year old in the United States live alone. Of that 10 million have an extra bedroom that they could use for homesharing. That percentage increases to 44% for women over the age of 75.
While only 10% of seniors who initially cited companionship as the prime motivators for sharing their home, once the houseguest had moved in, a friendship blossomed and 61% reported that the companionship had reduced their sense of lonliness.
Homesharing offers a wealth of benefits that extend far beyond simple financial savings. From improved emotional well-being and enhanced safety to the joys of cross-generational learning and increased social engagement, the positive impact of homesharing is clear. These surprising statistics highlight just how transformative intergenerational living can be for both homeowners and houseguests.
If you’re considering homesharing, now is the perfect time to explore this rewarding option. Connect with us at Home Sweet Homeshare to learn more about how homesharing can enrich your life.
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Q: How do I find a suitable houseguest?
A: At Home Sweet Homeshare, we provide a thorough screening process to match you with compatible houseguests based on your preferences and needs.
Q: What kind of support can I expect from my houseguest?
A: Houseguests can assist with various daily activities such as cooking, cleaning, and running errands, depending on your agreement.
Q: Is homesharing safe?
A: Yes, homesharing can enhance safety. Many participants report feeling safer with someone else in the home. Additionally, our matching process includes background checks to ensure your peace of mind.
Q: Can homesharing help with my financial situation?
A: Absolutely. Homesharing can significantly reduce your living expenses, providing financial relief and stability.
Explore the possibilities of homesharing today and discover a new way of living that brings joy, companionship, and support into your home.