Father’s Day Survey: Americans Rely on Dad for Home Help and Advice
Buying a house, especially in today’s housing market, can be challenging. Furthermore, once a home is secured, homeowners are faced with a whole host of new responsibilities and may feel out of their depths as repairs, maintenance, new bills, and other homeownership-specific tasks pile up.
According to a recent survey, that’s where dads come in handy. Realtor.com? surveyed Americans about how much they rely on their father or father figure for help with homebuying and other homeownership tasks. As it turns out, leaning on your dad or father figure for help with homebuying and other home-related tasks is more the norm than the exception.?
More than half (51%) of Americans who have a dad or father figure in their life turned to them for advice on buying a home. For those who live within a couple of hours of their dad, the share is even higher (56%).?
Homeowners turn to Dad especially often for advice on taking care of their home. Nearly 40% of American homeowners have asked their dad for advice on home repairs and other home maintenance.?
Americans who live close to their dads don’t just rely on them for advice; over 40% have had their dad physically help out with moving and/or home repairs.?
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Though home prices are roughly flat year over year, they are still well above pre-pandemic levels across the country, and mortgage rates continue to hover around 7%. Likewise, though inflation has shown signs of slowing, consumers face higher costs of living.
Purchasing and maintaining a home can seem incredibly expensive and intimidating, especially for first-time homebuyers. Having a sounding board, adviser, and confidant can help make the process less scary, and the data suggests that dads fill this role for many Americans.?