Today, more Americans live in multi-generational households than at any time in the past 65 years. Over 64 million people live in multi-generational homes, which is 20% of the population. After a low point of multi-generational living of 12% of the population in 1980, the trend has been increasing ever since, with sharp increases after the Great Recession 10 years ago.
Whatever the reason for this trend towards multi-generational living, it means that homes with in-law suites or two master suites are more sought after than ever. The most appealing homes for multiple generations include a separate suite with its own bedroom, bath and living space, and ideally, a second kitchen, second laundry room, and private exterior entrance.
Who Represents You Matters
As with any large financial purchase in life, we recommend buyers have their own agent representing them in a purchase. Whether you’re buying a new home or a resale, always remember the listing agent or builder representative works only for the seller.