What Has Been Gaining Momentum?The Sandwich Generation as some are calling it.
This segment of buyers may be at the prime of their careers, and now have children and senior parents to care for, and all living under one roof.
The households are made up of several generations. We are working with more and more buyers that are looking for these multi-generational living arrangements.
Here on Long Island, we are noticing some families are looking for homes that they can bring the generations together. Requests for two master sized bedrooms are becoming popular for families to cohabitate. More and more people are looking for homes where blended families can live and share the expense of home ownership. There is a huge aging population who don't want to move away from Long Island, and "Boomerang Kids" wanting to stay home.
Over the past couple of years, there has been an increase in home buyers looking for multi-generational living arrangements. We have worked with young adults now living with their parents, and seniors living or having to live with their children. This is an attractive dynamic for many families.
There can be many cost-effective benefits when generations move together, rather than purchasing separately. We have seen wonderful outcomes with multi-generational living. However, we have also seen some instances where it was challenging and not such a good idea. It is important to consider all issues before making the decision to have generations live together. Situations can change so open communication is a good idea to have a plan in place to ensure the family stays strong through any changes. Discuss in advance the advantages and disadvantages so there is no misunderstandings later on.
If your part of the "Sandwich Generation", or as we used to call it, Extended Family Living, you’ll not only be able to pool your family's resources, you will also have the peace of mind knowing that all of your family is safe and secure.
If you are part of the Sandwich Generation or multi-generational on Long Island Real Estate looking for a place to live under one roof, please contact Lawrence "Larry" and Sheila Agranoff at our Cell: 631.805.4400.
Who Is The Sandwich Generation?
This advertisement does not suggest that the broker has listing or transaction or that any property is currently available.
If your home or condo is listed with another broker, this is not a solicitation of the property.
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