Years ago, it was not unusual for grandparents to share the same roof with their grandchildren, and it is becoming the norm once again. The age wave has joined forces with the weakening economy, triggering a rise in multigenerational households. Builders have noticed the trend and have been revising home designs accordingly, constructing more houses featuring “a semi-independent suite with a separate entry, bathroom and kitchenette,” says this article from The Eagle, a Texas-based online newspaper.
Though the article purports it is difficult to say exactly who will purchase these redesigned homes in the future, Gary Painter, a researcher from the University of Southern California, believes, “There certainly is a demand to be close.”
National homebuilder Lennar is already advertising their specialized multigenerational floor plans as “Next Gen: The Home Within a Home.” (More information is available at LennarNextGen.com.)
What will the impact on traditional senior housing (nursing homes, senior apartments) be as more seniors move in with their families? Only time will tell. However, there is still a need for other options, particularly for those who have outlived family members or never had children of their own. Given the fiscal state of affairs, the most affordable, readily available and accessible solution will win.
Read more about Senior Living Trends here at the blog.