Mastering Real Estate & Note Investing

Housing is poised for a significant redesign from a growing number of households looking for properties that accommodate multiple generations under one roof. Up to 41% of Americans in the market to buy a home say they’re considering accommodating an elderly parent or an adult child, according to a new survey from John Burns Real Estate Consulting. That will likely influence the homes they choose to buy.

However, the current housing stock is dominated by single-family homes that aren’t designed to fit multiple generations living in the same home.

Homes designed for multigenerational living is a small segment of the housing market today. Some families have renovated their homes to accommodate aging parents or aging children.

Some major homebuilders have been responding with multiple-generation floor plans that make space for three or more generations in one household. For example, in 2011, Lennar began offering its Next Gen brand under the tag line, “Two homes. Under one roof.” It offers models of its Next Gen line of homes in 13 states.

READ MORE:  https://magazine.realtor/daily-news/2019/05/07/there-could-be-a-problem-with-multigen-homes

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