Multi-generational Living is ‘In’ for Many Charlotte Homebuyers

How Charlotte Homes are Changing to Accommodate Multi-Generational Living

As loved ones age, we begin to wonder: how long will they be able to live alone? Will they need someone there to help them with their activities of daily living? The average age in the U.S. is 78 years old!  This has given rise to Americans who are in the market, searching for a home that can accommodate a multigenerational family.

Suppose you’re buying a home. And suppose, also, that you have a parent, parents or an adult child who would like to live with you. If buying a home together sounds like a smart move to you, you’re not alone.

A recent study* by the National Association of Realtors (NAR) found that one in five home buyers aged 52 to 61 purchased a multi-generational home last year.  

This trend isn’t new at all but, it is certainly on the rise. According to a Pew Research analysis of U.S. Census Bureau data, the proportion of 25- to 34-year-olds who live in such households has increased significantly since The Great Recession, to the highest level since the 1950s.

• If you’re interested only in homes with basements that can house one generation with a private entrance, we may be a bit limited here in Charlotte and this may take some time to find. Currently a few of our semi-custom home builders have a few basement lots and build-time is approximately 6-8 months.
  
  
• Resale homes with basements in Charlotte are not as plentiful in our area as they are in other areas of the country but, these are great options for multi-generational buyers, seeking a quick move. 

If you’re searching for housing for an extended family, or feel you soon may be, let's talk about purchasing a multi-generational home. Call or text me today at 704-491-3310 or email me at DebeM@remax.net.

*According to the 2017 National Association of REALTORS® Home Buyer and Seller Generational Trends, “The most common reason for purchasing a multi-generational home for all age groups was for the health and care-taking of aging parents.”

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© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Multi-generational Living is ‘In’ for Many Charlotte Homebuyers