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2019-05-07 15:43:43
There Could Be a Problem With ‘Multigen’ Homes

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. That will likely influence the homes they choose to buy.

A multigenerational home typically consists of separate entrances and garages and is often presented as having an “in-law” unit. Those units usually have their own kitchen and living spaces, too.However, the current housing stock is dominated by single-family homes that aren’t designed to fit multiple generations living in the same home.

Some major homebuilders have been responding with multiple-generation floor plans that make space for three or more generations in one household. For example, in 2011, Lennar began offering its Next Gen brand under the tag line, “Two homes. Under one roof.” It offers models of its Next Gen line of homes in 13 states.

Architects say that the design of housing will need to respond to accommodate the changes in households. In 1980, only 12% of Americans lived in a multigenerational 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.

Click here to search for Multi-Generational and In-Law homes in Metro Denver

Click here to read the full article on RealtorMag

Blog Archive
2019-08-20 17:08:08
The Benefits of Growing Equity in Your Colorado Home

2019-08-20 17:03:17
Colorado Housing Supply Not Keeping Up with Population Increase

2019-05-07 15:43:43
There Could Be a Problem With ‘Multigen’ Homes

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