Are Multi-generational Homes the Key to the Future?

If your needs are changing, you may be thinking about sharing a home with additional loved ones, such as grandparents, adult children, or other extended family members. Whether it’s for financial or health-related circumstances or simply because you’ve reached a new phase of life, you might be wondering if living with multiple generations under the same roof is a good move for you. 

A recent report from Generations United surveyed individuals living in a multigenerational setting and asked them about the key benefits of this housing arrangement. It says:

“Nearly all Americans who live in a multigenerational household (98%) feel their household functions successfully, citing various aspects of home design, family relationships and interactions, and supports and services influencing their success.”

The study identifies some of the top benefits of this lifestyle as an improved financial situation, better mental and physical health, strengthened bonds with loved ones, the ability to care for an aging parent, and more. 

With more adults living under one roof, you may need more space. If you decide to look for a multigenerational home, it’s essential to understand what everyone will need to make the arrangement work to its fullest. Something that often makes the top of the list for homeowners living with multiple generations is additional space for privacy. This could mean more bedrooms and bathrooms or features like an in-law suite or separate Assesory dwelling unit.

New construction developers have taken notice of the demand for multi-gen housing and are building more Next Gen Homes with in-law units.  These “homes within a home” feature everything you could want in a separate space, with the flexibility to connect to the main home.

Living in a multigenerational household has real and impactful benefits. If you’re interested in learning more about these options in our local area, let’s connect so you can find a home that fits your changing needs.