House hacking: the practice of renting out a portion or the entirety of one's home to generate additional income.
Who loves the growing trend the most? Millennials and Gen-Zers. More than 55% of Millennials and 51% of Gen Z homebuyers expressed positive views on house hacking.
We worked with a client who was ready to buy a home of their own. Once they found the one, they rented a bedroom to a friend. Offsetting their monthly expenses was a major plus for them.
*It’s important to note: Homebuyers will need to work with a lender to ensure they can afford the mortgage without the rent, and be comfortable making monthly payments with or without it.
Ready to take action?
Let’s find you a home that generates some income!
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House Hacking & the People Who Love It Most
- By Lisa Bassett
- Posted
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