Multigenerational Living; is it right for you?

Real Estate Agent with RE/MAX Shoreline New Hampshire & Maine

Multigenerational living, the practice of several generations living together in one household, is becoming increasingly popular in Portsmouth, New Hampshire. This is due to its many benefits, which include cost savings, family bonding, caring for older generations, and helping young adults get started.

One of the most significant benefits of multigenerational living is cost savings. Families can pool their resources to pay for housing, utilities, and other living expenses by living together. This can be particularly beneficial for young adults who are just starting and may struggle to make ends meet.

Another advantage of multigenerational living is the opportunity for family bonding. By living close to one another, family members have more opportunities to spend time together, share meals, and create memories. This can be particularly important for grandparents who may not have had as much time with their grandchildren as they would like.

Multigenerational living also allows families to care for older generations. As parents and grandparents age, they may need assistance with daily tasks such as cooking, cleaning, and transportation. By living together, younger family members can help provide this care, which can be much more effective and fulfilling than hiring outside help.

Finally, multigenerational living can be an excellent way to help young adults get started. By living with parents or grandparents, young adults can save money on housing and other expenses, allowing them to focus on building their careers or furthering their education. This can be particularly important in a high-cost area like Portsmouth, where housing costs can significantly burden young adults just starting.

Multigenerational living offers many benefits for Portsmouth, New Hampshire, families. By living together, families can save money, bond with one another, care for older generations, and help young adults get started on their path to success. As more families embrace this lifestyle, we can expect to see even more benefits emerge in the years to come.

Let's talk soon and see if multigenerational living could be right for you and your family. 

Posted by

Jim Lee , REALTOR®, Certified Residential Specialist (CRS)  RE/MAX Shoreline

100 Market St., Suite #200, , Portsmouth, NH 03801 Phone: (603) 431-1111 x3801

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Comments (3)

Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Great article, Jim Lee, REALTOR Emeritus. Multigenerational living is helpful for both young and older citizens. We should be willing to help one another whenever this situation arises, especially our close family members. 

Mar 19, 2023 07:20 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Mar 20, 2023 02:53 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jim. As family ties become more important we are going to see builders accommodating the trend. Enjoy your day.

Mar 20, 2023 04:06 AM