Multigenerational living is becoming increasingly popular as families look for practical ways to share resources and support one another.
Many grandparents find that living under the same roof eases feelings of loneliness while giving them more time with their grandkids. Parents, in turn, benefit from reduced childcare costs.
And with today’s home prices, many young adults are choosing to stay home longer so they can save for a down payment rather than paying high rent elsewhere.
But while this lifestyle offers many advantages, it also comes with challenges. Here are a few things to discuss before everyone moves in together:
Know Your Needs
Talk through must-have features such as a private entrance, a secondary kitchen, and adequate parking. This ensures everyone is on the same page when it comes to finding the right home.
United Front
Parenting styles can vary across generations. Establish consistent rules around playtime, meals, routines, and discipline so authority remains clear and consistent.
Who Does What
Agree in advance on how you’ll divide common household chores such as cooking, cleaning, childcare, and yard work so that everyone knows what to expect.
Money Matters
Create a clear plan for how household costs will be shared, including groceries, cleaning supplies, utilities, internet, repairs, and unexpected expenses.
Buffer Zone
Living under one roof offers many benefits, but it can also sometimes feel a little crowded. Make sure everyone has personal space where they can unwind and recharge.
Moving On
Discuss what will happen if someone eventually wants to move out or sell their portion of the home so that you’re not caught off guard or left with unexpected expenses.
Multigenerational homes are making a strong comeback because they offer sensible solutions to both social and financial challenges. With open communication and a solid plan, they can be an incredibly rewarding way to live.
If you’re considering multigenerational living and want help exploring homes that fit this lifestyle, feel free to reach out so that we can discuss your next move!