Should My Home Be Multi Generational?

If you frequently visit with your relatives and you love nurturing strong family ties, consider designing your next residential property to be a multigenerational home. 

According to recent reports published by the United States Census Bureau and the Pew Research Center, approximately one in five homes (four million) consists of adults living with their elders as well as their children. With the right planning, this dynamic can provide several distinct advantages in the areas of home design, finance, peace of mind and quality of life.

How Much Square Footage Do I Need?

If you work with a flexible builder such as Hallmark Homes Group, you can expand upon one of their dynamic floor plans to accommodate every member of your household. This approach can help utilize every square foot of the property by including in-law quarters with a private entrance and an internal access point, spacious bedrooms for each of the kids, optional add-on rooms and private areas as well as a palatial master suite so you can unwind in private luxury. Plus, the shared spaces such as the living room, dining room and kitchen can be seamlessly connected with an open-concept theme so that the house provides an overall sense of welcome and togetherness.

Leverage Your Funds

When you’re ready to buy a new home in Montgomery County, a strong financial profile is important. If you plan to live in a house with two or more generations of adults, you may have access to greater monetary resources. The more adult parties with assets can equate to a generous down payment, easy-to-obtain financing and a relatively low-interest rate. Also, the more income streams there are under one roof, the easier it is to meet monthly mortgage payments and cover utility bills while saving money for other long-term endeavors.     

How Can Having My Home Be Multi Generational Benefit Everyone Living There?

In a multi-generational household which usually includes grandparents, parents and perhaps adult children, the chances are good that someone will almost always be home. This makes for enhanced safety and security across the premises, as someone can always look after the children, family members with special needs and the property at large. Plus, household maintenance duties and daily chores can be shared by numerous parties rather than leaving them up to just one or two people.

Relieve the Stress

Raising children while pursuing a career can be exhausting at times. Yet, with your parents or your in-laws living in the home, you can have access to economical babysitters and general child-rearing assistance at a moment’s notice. This luxury can allow parents a much-needed break from time to time while giving grandparents the exquisite joy of participating in the lives of their grandchildren. This dynamic serves to improve the quality of life for everyone involved in a partnership-themed environment. 

Designing a multi-generational home is a popular choice for today’s families who want to live together. Contact us to discover how our team of flexible Montgomery County builders can accommodate your busy, dynamic household.