Coldwell Banker Realty
Debbie Goldberg, Coldwell Banker RealtyPhone: (203) 506-5846
Email: [email protected]

Multi-Generational Living: A Real Estate Trend Worth Examining

by Debbie Goldberg 10/11/2020

Photo by Craig Adderley from Pexels

Housing design has undergone significant changes in the past few decades, with open concepts and flexible living arrangements quickly taking over. Such designs reflect, in part, the increased prevalence of multi-generational families, in which family members of all ages live together.

Why Today's Residents Love Multi-Generational Arrangements

During the Great Recession, the rise of multi-generational living largely stemmed from financial concerns. For years, young adults simply couldn't afford to move out. That has since changed, with low unemployment rates and a fast-paced housing market encouraging young buyers to invest in condominiums, townhouses, and single-family homes.

Despite recent housing developments, many young people still prefer to reside with close family members for purposes of convenience or family togetherness. This is particularly prominent in communities in which cultural norms dictate that young adults will continue to live with their elders long after they have completed their schooling, secured jobs, and even established long-term relationships or had children of their own. The close connections fostered by multi-generational arrangements are not nearly as easy to replicate elsewhere.

What to Look For in Multi-Generational Homes

There's a lot to love about multi-generational living, but such arrangements can feel stifling in the wrong setting. Some houses simply aren't designed to accommodate anything beyond the nuclear family. Thankfully, creative construction is on the rise, with flexible solutions available to help families make the most of once unconventional setups. Key features worth seeking include:

The Opportunity for Privacy

Young adults often venture out on their own simply because they lack privacy. The right structures, however, can resolve this issue by emphasizing private spaces. For example, instead of including one master bedroom and several smaller rooms, such homes may feature multiple master bedrooms. Suites that resemble mini-apartments are even better, as they allow residents to spend entire days in private spaces if desired.

Plenty of Communal Spaces

While privacy is critical in multi-generational homes, communal spaces are just as important. Families should enjoy the opportunity to regularly spend time together. Communal dining spaces, in particular, make it easy to build close connections in a festive atmosphere. Open concept communal spaces are especially popular, as they provide an open feel while also offering flexible space that can be adapted to accommodate evolving needs.

Addressing the Concerns of Several Age Groups

Today, the very homes that require extensive baby-proofing may also need accessible features that enhance mobility for seniors. While not necessarily incompatible, these considerations can be difficult to incorporate in the same space. Universal design principles such as level-entry showers and single-story homes make life easier for residents of all ages.

Today's diverse families and housing preferences call for a broader range of housing options. Cleverly designed multi-generational homes provide an excellent opportunity to accommodate a close-knit and valuable living arrangement that will only continue to grow in prevalence in years to come.

About the Author
Author

Debbie Goldberg

I'm a full time Realtor with over 30 years of experience yet young enough to embrace today's ever-changing scope of marketing and technology. Having grown up in Connecticut and moved many times (too many to count!) I can empathize with today's buyers and sellers. Strictly maintaining ethical standards and being a fierce advocate on behalf of my clients are things I take very seriously. As a buyer, you can expect me to listen to and evaluate your real estate wants and needs. I can assist in explaining relevant forms, agreements, and closing procedures. I will guide you through the process of finding the right home, negotiating your offer, adhering to all contract dates and terms as well as final walk through and closing procedures. As a seller, I will listen to and evaluate your goals, needs, and timing in order to properly price your home to get the maximum exposure needed to attract the right buyers. In addition to negotiating on your behalf, I will make sure we communicate throughout the entire process as we navigate the contract terms, finance and inspection contingencies, as well as all closing procedures. I was born in Japan, grew up in Hamden and lived in New York, Ohio and Southern California before settling down in New Haven county to raise two kids, two dogs and a cat. I'm passionate about good food and love to bake. Some of my free time has been spent volunteering at Temple Beth Sholom, a synagogue where my family has been members for over 40 years. I also spend time at Tower One/Tower East, an assisted living center in New Haven where my mother-in-law now resides. 30 years of helping buyers and sellers achieve their goals has given me the peace of mind to know that what I do everyday matters. If you are thinking of buying or selling please keep me in mind.