If you’ve considered having a parent move into your home for any number of reasons, you aren’t alone. Multigenerational living, which typically consists of three generations of family members, is growing in popularity across the United States. As families look for creative solutions to meet their needs, multigenerational housing could be the answer.

In fact, Pew Research shows these households have quadrupled since 1971, and now one in five families are choosing this style of living. The biggest reasons include financial issues and caregiving needs. The multigenerational housing option may be an opportunity for Triangle residents to find a home better suited to these types of needs.

The following 4 tips can help you find success for your family if you choose a multigenerational living situation.

Many builders are now developing homes to answer multigenerational needs. Some floor plans are designed with main floor suites and first floor bedrooms to ensure aging parents have privacy and a quiet, comfortable space of their own to enjoy. Some of these spaces even offer kitchenettes and accessible bathrooms for anyone with mobility restrictions.

One of the reasons many choose multigenerational living is the financial stability it offers. The cost of purchasing a bigger home with more space for a full family can be divided between the adult family members to help save costs for everyone. Talk to a trusted Realtor to see what’s possible for your family.

As each family member looks for some peace in this living arrangement, make sure you’re allowing everyone to have a bit of privacy and areas where they can get away. You may want to make sure your kids have their own playroom or study areas, while your parents have a living space of their own. As you look for solutions to keep everyone happy, make sure you’re establishing clear boundaries and expectations for the most success. Parents and children alike should know where they can contribute to make the living situation an outstanding one.

If buying a home isn’t in your immediate future, you may want to consider renovating the home you’re in to update it for this style of living. In fact, the addition of an accessory dwelling unit (ADU) may be the answer. Raleigh updated its ADU ordinances in 2020, which would allow families to build small cottages or apartments on the same property as a single-family home. ADUs offer even more privacy for family members who may need a break from younger members of the family. The costs may cover themselves once your loved one is living in your home and expenses have been combined.

Keep in mind that multigenerational homes may need to adapt as family members age. If you plan to stay in a home for a length of time, make sure your home supports the concept of “aging in place” to ensure independence for years to come. If one of the benefits you see for multigenerational living is the ability to care for a parent, start thinking ahead. Planning for any difficult situations that may occur down the road can set you up for success into the future and make sure your loved one feels safe and secure, no matter the circumstances.

If you’re thinking about taking advantage of multigenerational living in the Triangle, the time has never been better. Get in touch today to explore how this type of living can meet your family’s needs.

The Jim Allen Group provides access to information on this blog/website as a public service for educational purposes only. Although reasonable efforts have been made to ensure that all of the information made available is current, accurate, and complete…[read more]