Multigenerational living is not a new concept, but with our changing demographics they are trending upwards. They provide a great financial solution as well as emotional.
NAR reported in march 2014 that 14% of all home buyers purchased a multigenerational home.
Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.
Their latest home price expectations released based upon surveys show home values will appreciate 4.5% in 2014, with the experts projecting a cumulation appreciation of 11% by 2018.
As baby boomers also known as the Sandwhich Generation age they find themselves with children still at home as well as having to care for the aging parents.
The recession has triggered a wave of kids returning back home because they can not financially support themselves.
Immigration is contributing to this trend with the surge of Asian and Latin Americans who are much more inclined to live in multigenerational households.
Builders have been designing floor plans specifically geared to include open, self contained, apartment-like living areas with a bedroom, a full bath, a kitchenette, a separate entrance and sometimes a laundry room and garage to meet this increasing demand.
Although the western states, especially California, are ahead of the curve, such designs are gradually making their way east.
It offers a great opportunity for people to live independently but together. Offers a
financial solution and also a lifestyle solution. It presents a new way of being closer and helping out each other without imposing and setting boundaries of space. Relationships are much better than they ever could have imagined.
If you are looking for a home in Evergreen, with two utility rooms, two separated living areas, a home where you can have separation of space, independent living, I have just the home for you.
Take a peek at this home just under 6000 sq ft with quest quarters/in law apartment perfect for the multigenerational household! 166 S RainbowTrl
When looking for an agent that knows and understands multigenerational living, contact Linda McConnell 303-719-7945 or start your house hunting online http://www.LindaMcRealtor.com