Buyers Sellers

The Trend Toward Multi-Generational Living

The trend toward multi-generational livingAlthough your home may have housed a traditional family consisting of mom, dad and two kids, savvy real estate agents will tell you, that in order to attract more buyers, staging your house as one fit for multi-generations is the way to go.

A recent study conducted by the Pew Research Center states that a record 57 million Americans (18.1% of the U.S. population) were living in multi-generational households.

This trend is coming from all directions. Young adults are moving back home, the elderly are moving in with their middle-age children and middle-aged children are moving back with their elderly parents.

As a result, agents are highlighting features such as finished walkout basements and bonus bedrooms. When it’s being suggested to transform your office or basement into a bedroom, you should be listening. Any home that contains bonus space is a viable candidate for a buyer who might be planning to bring an ill or out-of-work family member back into the fold. A home’s accessibility is important for people who might be living with aging parents who use wheelchairs or walkers. Creating a complete, accessible living space on one level with safety features can make a home attractive to people of all ages.

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