The Benefits of Multigenerational Households

Whether it’s for financial or health-related circumstances or simply because you’ve reached a new phase of life, you might be wondering if living with multiple generations under the same roof is a good move for you.

According to Generations United, multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. More families have been making this change in recent years. 

The Benefits of Multigenerational Living

Toll Brothers state, “In recent years, there’s been a steady rise in the number of multigenerational homes in America. Homeowners and their families are discovering new ways to get the most out of home with choices that fit the many facets of their lives.”

Generations United also reported that: “Nearly all Americans who live in a multigenerational household (98%) feel their household functions successfully, citing various aspects of home design, family relationships and interactions, and supports and services influencing their success.”

Top 5 Benefits of Multigenerational Living

1. Shared Expenses:  When you live with other family members, you can share the load for expenses like groceries, housing, utilities, and more. Especially if you’re on a tight budget, multigeneration homes are a great way to save money.
2. Shared Responsibilities: From cooking, cleaning, childcare, or eldercare, responsibilities can be shared when you live in a multigenerational household. This can help ease the burden on one family member and make life easier for everyone.
3. Strengthened Family Bond:  Spending more time with family can help to enhance relationships and create lasting memories. “While most families come together on special occasions, multigenerational families have the luxury of seeing each other every day. By living under one roof, these families develop a high level of attachment and closeness.”
4. Ensured Family Safety:  Living with multiple generations under one roof, likely, someone will be present in the case of a family member having an accident. Along with this, your home will rarely be left unoccupied, which lowers the chance of burglaries. 
5. Positive Impact on Mental Health:  Research has shown that living in a close-knit community can positively impact mental health, and a multigenerational household is one way to create that sense of community.

Do You May Need More Space?

Living in a multigenerational household has real and impactful benefits. Are you deciding to make a move to have a multigenerational household? Or have you already made the change? Do you need additional space for privacy? This could mean more bedrooms and bathrooms or features like an in-law suite or a basement. Contact me today! Let me help you through this process and find a house that fits your changing needs.