More than half of millennial and Gen Z homebuyers consider “house hacking” to be a very or extremely important opportunity, according to a report by Zillow. House hacking refers to the practice of renting out a portion or all of a property to generate additional income. The strategy is becoming popular among younger generations as high prices and interest rates make homeownership less affordable. However, potential buyers should consider factors such as down payment requirements, proof of income, and local regulations before pursuing house hacking as a way to offset the costs of homeownership.
