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Home » Americans Are Beginning To Celebrate the Benefits of Multi-generational Households

Americans Are Beginning To Celebrate the Benefits of Multi-generational Households

Multi-generational family sitting at table eating dinner

Your home needs might be changing, you might be considering a home which can accommodate additional members of your family, such as adult children, grandparents, or other extended family members. 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. Many people have found themselves in a similar situation and they’ve already made the choice to live in a multi-generational home.

What Is a Multi-generational Home?

The Pew Research Center defines a multigenerational household as a home with two or more adult generations. They include households with grandparents and grandchildren under the age of 25. As you weigh your options and decide if multi-generational living is right for you, here’s some helpful information highlighted by other homeowners living with additional loved ones.

The Benefits of Multi-generational Living

A recent report from Generations United surveyed individuals living in a multi-generational setting and asked them about the key benefits of this housing arrangement. It says:

Nearly all Americans who live in a multi-generational household (98%) feel their household functions successfully, citing various aspects of home design, family relationships and interactions, and supports and services influencing their success.”

The study identifies some of the top benefits of this lifestyle as an improved financial situation, better mental and physical health, strengthened bonds with loved ones, and more (see chart below):

Those are just some of the reasons why most people who decide to live in this situation find it worthwhile. As Donna Butts, Executive Director at Generations United, says:

Families may come together from need, but they are staying together by choice. Indeed, more than 7 in 10 (72 percent) of those currently living in a multi-generational household plan to continue doing so long-term.”

With More Adults Living Under One Roof, You May Need More Space

If you decide to look for a multi-generational home, it’s important to understand what everyone will need to make the arrangement work to its fullest. Something that often makes the top of the list for homeowners living with multiple generations is additional space for privacy. This could mean more bedrooms and bathrooms or features like an in-law suite or a basement.

If you’re realizing your current house doesn’t provide the room you need for multi-generational living, an expert real estate advisor can help you navigate the process to find the right home that works for you and your loved ones.

My personal message to you…

Living in a multi-generational household has real and meaningful benefits. If you’re interested in learning more about these options in our local area, let’s connect so you can find a home that fits your changing needs.

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