The 4 Most Creative Ways to Buy a Home in 2025

Feeling Priced Out of the Market? Here’s How Buyers Are Getting Creative in 2025

If you’ve been feeling overwhelmed by high home prices, interest rates, or just the idea that you’re “not quite ready” to buy a home yet—you’re not alone.

According to the 2025 NextGen Homebuyer Report, nearly 60% of Gen Z and Millennial buyers still believe homeownership is within reach. But only 19% think now is the right time to buy.

So what are people doing?

They’re getting creative.

Here are four strategies I’m seeing more and more buyers use to make homeownership happen in this market—and a few tips to help you figure out which one (if any) might be right for you.

1. Buying a Fixer-Upper

Used by: 42% of buyers surveyed
Great for: Buyers who are handy or have a vision
Not ideal for: Those needing move-in ready or working with a tight reno budget

Fixer-uppers are one of the best ways to break into neighborhoods that might otherwise be out of reach. You’ll often pay less upfront, and you can build equity as you improve the home.

Perks:

• Lower price point

• Room to build value with sweat equity

• Customize the space to your taste

Heads up:

• Renovations can get expensive fast

• You’ll want permits and inspections lined up

• Not all loan types work—ask me about renovation loan options like an FHA 203(k)

2. Buying with Friends or Family

Considered by: 21% overall, 32% of Gen Z
Great for: Trusting co-buyers ready to combine resources
Not ideal for: Anyone without a clear plan or shared goals

This is one I’ve helped a few clients navigate lately. Whether it’s siblings, friends, or partners, co-buying can stretch your budget further. Just make sure you put everything in writing—trust me on this one.

Perks:

• Shared down payment + monthly costs

• Bigger budget for a better home

• Built-in support system

Caution:

• Make sure you have a legal agreement in place

• Talk through the “what ifs” ahead of time (selling, moving out, etc.)

3. House Hacking

Used by: Nearly 1 in 5 buyers
Great for: Buyers open to having tenants or generating rental income
Not ideal for: Anyone wanting total privacy or a quiet space

House hacking is exactly what it sounds like—using your home to help pay for itself. Think ADUs, duplexes, or even a studio over the garage. It’s a smart long-term play if you don’t mind being a landlord.

Perks:

• Rent helps cover your mortgage

• Turns your home into an investment

• Builds long-term wealth

Things to consider:

• Local rental laws and permits matter

• You’ll need landlord insurance

• Sharing your space isn’t for everyone

4. Relocating to a More Affordable Area

Considered by: 47% of buyers
Great for: Remote workers or flexible buyers
Not ideal for: Anyone tied to a specific job or school district

With remote work still going strong, a lot of buyers are rethinking where they live. You might be surprised what your budget gets you just 30 minutes outside your current zip code.

Perks:

• More space for less money

• Lower cost of living

• Potential to grow wealth faster

Keep in mind:

• May mean longer commutes or fewer amenities

• Market appreciation can vary by area

• It’s important to preview homes and neighborhoods when possible

Final Thoughts: There’s More Than One Way to Buy a Home in 2025

The old-school path to buying a home isn’t the only way anymore. You’ve got options—and if you’re open to thinking outside the box, homeownership might be more within reach than you think.

Whether you’re thinking of co-buying, renting part of your home, or hunting down a hidden gem with potential, let’s talk through your goals and come up with a strategy that works for you.

There’s no one-size-fits-all solution in real estate. But there is a solution that fits you.