Multi-generational has been around for ages, but it seems to really be catching on since the Great Recession. The U.S. Census recorded 5.4 million Americans living in multi-generational households in 2009, up 10% from 2007. Homebuilders are finding an increase in demand for this type of living, as people want to be more connected today.
Rather than building an addition and adding square footage to a home, multi-generational homes provide separate living space that allows more than one generation to live independently but together. Think aging parents or boomerang children. These homes provide separate living quarters with private entrances, along with one’s own kitchen and living space.
Lennar Homes recently introduced its “Generations” collection at Stapleton’s Willow Park East neighborhood, homes especially designed for the “NextGen.” These homes are perfect for grandparents who come for extended stays with their grandkids, or an older parent who moves in; or a “boomerang” child who returns home. Each home has separate living space incorporated into the main home – with living space, mini-kitchen, bedroom, bathroom, and laundry – plus its own little patio for outdoor enjoyment.
Homes range in price from mid-$500,000s to mid-$600,000s, and square footage from 2600-3170. I love the concept of multi-generational living as it may allow an elderly parent to live with family and remain connected, and not so lonely. And it may help a college student focus on school, without the stress of finances. Is it for you? If so, give me a call and we’ll take a peek at this community.