Larry J. Hoff Realty, LLC

SERVING YOUR COMMERCIAL AND RESIDENTIAL NEEDS
 

DIRECT 206-841-7303    OFFICE 206-829-2273

18611 48TH PL S SEATAC,  WA 98188

 
 
 

Possible Options for The Middle Class

With the escalating home and gas costs, considering sharing a home with relatives may be a positive solution. Other cultures have seen the benefits of living multi-generationally, and many Americans used to embrace this idea as well. With the onset of the suburbs, individual housing became the norm and the makings of the nuclear family occurred.

Now it seems we are in need of the "old ways", joining together as a family in order to succeed.

If you can embrace this route, there are several housing options.
1. Split level homes, with kitchenettes on both floors.
2. Duplexes, both side by side or two levels.
3. Larger single family home on one or two levels.

The legal aspects you should consider.
1. Who will own the property? Will it be owned by all parties?
2. Medicaid forces assets to be liquidated. If any of the home's owners needs Medicaid their portion of the home's value will need to be liquidated. (This could be sticky if two owners need the home to live in and the third owner must go into 24/7 nursing care.)
3. We highly suggest you speak with an attorney before you buy.



Larry Hoff
Larry J. Hoff Realty, LLC
Ph: 206-829-2273  -  Fax: 800-792-5822
18611 48th Pl S
SeaTac, WA 98188
www.ljhoff.com

 

Home |  EB Foote Winery |  Jungle Gym For Kids |  Kindermusik for kids |  Mills Music  |  Possibilities for Middle Class |  Larry Hoff's Experience |  Green House Trends |  Sounds on Wheels |  Burien Trophy |  Burien Schools |  NW Waste Management |  Co-Op Housing |  Local Senior Center |  Available Personnel |  Photo Supply |  Photography Studio |  Loan Types |  Credit Effect |  Refinance Center |  Home Improvement |  Landscaping |  Electrical Systems |  To Sell Or Not To Sell |  Options After You Sell |  Water Issues |  Homeselling Guide |  How We Serve You |  Our Blog |  BUILDERS Land Opps |  The Personal Side |  The Recyclables |  Loan Process |  Mortgage Center |  Reverse Mortgages |  Senior Exemption Tax |  Realtors for Middle Class |  Burien Town Square |  Inter-Steel Systems | 

LinkUAgent - Link Partner

LinkUAgent Partner

Powered by LinkURealty - Real Estate Web Design & Websites