Introduction
Over the past decade, multigenerational living—where multiple generations of a family live under one roof—has been on the rise. From grandparents moving in with adult children to young adults staying home longer, this trend is reshaping real estate preferences and property values.
Why Multigenerational Living Is Growing
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Economic Factors: Rising housing costs and student debt are making it practical for families to consolidate.
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Cultural Trends: In many cultures, shared living is the norm, and this preference is gaining traction in the broader North American market.
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Healthcare & Aging in Place: Families are increasingly caring for elderly relatives at home instead of assisted living facilities.
What Buyers Should Look For
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Flexible Floor Plans: Homes with in-law suites, separate entrances, or dual kitchens.
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Zoning & Renovation Potential: Properties that allow garage conversions or basement apartments.
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Privacy vs. Togetherness: Layouts that balance shared spaces with private retreats.
What Sellers Should Highlight
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Extra Living Space: Market homes with finished basements or ADUs (Accessory Dwelling Units) as multigenerational-friendly.
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Future-Proofing: Emphasize upgrades like wider doorways, walk-in showers, and accessible features.
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Income Potential: For buyers who may later rent out part of the home, dual-unit features can be a selling point.
Conclusion
Multigenerational living is not just a passing fad—it’s shaping the future of real estate. Buyers and sellers who understand this shift will be better positioned to make smart decisions in today’s evolving market.
