Up to 41% of Americans in the market to buy a home say they’re considering accommodating an elderly parent or an adult child, according to a new survey from John Burns Real Estate Consulting, The problem is that most single family properties are not designed to fit multiple generational living.
So what makes a multi-generational home? Usually separate entrances and garages with their own kitchen and living spaces. This set up can provide support when you need it but privacy and a sense of independence when you don't..
As we know, Americans are living longer and the cost of care and housing may be prompting more families to come together. In the 19th and early 20th century, it was not uncommon for 2-3 generations to live under the same roof. Perhaps we are heading in that direction again
. In 1980, only 12% of Americans lived in a multi-generational household, but that has now grown to 20%—or 64 million—of Americans who have two or more adult generations in a single household, according to the Pew Research Center. In addition,
Source:
“The Future of Housing Looks Nothing Like Today’s,” Fast Company (May 6, 2019)