Millions of Americans have discovered the benefits of Multigenerational Households. But what exactly is it, and what are these benefits? All of this (and more) we will explain in the below blog post. What Is a Multigenerational Home?A multigenerational household is a home with two or more adult generations. They can include households with grandparents and grandchildren under the age of 25. Everybody needs to weight their options and decide if multigenerational living is right for you. There is some helpful information online (such as this article from Apartment Therapy). Let us discuss the benefits of multigenerational living below. Benefits of Multigenerational LivingA report from Generations United surveyed individuals living in a multigenerational home setting. They have asked them what the key benefits are of living in a multigenerational home. Below are some of these key benefits: - Enhances bonds with loved ones - Makes it easier to care for loved ones - Has a positive impact on mental and physical health - Creates opportunity for school or job training - Improves the household's financial situation. These are just some of the benefits that people have mentioned. Also an interesting statistic, is that nearly all Americans who live in this type of setting (98%) feel their household functions successfully. 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): ConclusionEverybody has to decide for themselves if living in a multigenerational household is the right fit for them. That said, we believe the benefits outweigh the negatives. If you’re interested in learning more about these options in your local area, connect with a real estate professional to find a home that fits your changing needs. Relevant Articles
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AuthorThe writer of this blog is Sean Robbins. Find more info about him on the about page. ArchivesCategories |