A home for all ages marries accessibility and aesthetics that the whole family can appreciate.
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More homeowners are planning on their parents and adult children moving in with them. Studies show that the number of multigenerational households—defined as a home with more than two adult generations or grandparents and grandchildren younger than 25—is on the upswing.
According to Pew Research Center, 2016 saw a record 20 percent of Americans living in multigenerational households, compared to just 12 percent in the 1980s. And a recent survey by John Burns Real Estate Consulting says that as many as 41 percent of home-buying Americans are looking for homes that can accommodate an elderly parent or adult child.
What does this mean for builders and remodelers? A shift in demand and business model. Not only are more homeowners looking for more home, but there’s also the challenge of marrying accessibility features with design and amenities that the entire family can appreciate.