Buying A Single-Family Home? 4 Ways To Accommodate Multiple Generations

Real Estate Blog

After making the decision to shop for a single-family home, you may start to think about your most demanding needs to make sure your family is happy and satisfied. If you are planning to live in a multigenerational household by having your parents move in after buying, you should figure out all the ways that you can accommodate multiple generations in a single-family home.

Bedroom Count

One of the easiest and most straightforward ways to accommodate a large household is by finding a place with enough bedrooms to satisfy your needs right away. For instance, a four- or five-bedroom house may have enough rooms to accommodate your children and parents. However, an important detail to consider is that these homes are rarer than three-bedroom homes, which means you will not have as many to choose from.

Basement

Another way that you will be able to accommodate multigenerational needs is by finding an unfinished or finished basement that you can use. With a bit of luck and enough searching, you may be able to find a finished basement with a bedroom or two that your family can utilize. If your parents are comfortable with going up and down stairs, you should not hesitate to pick this kind of basement because you can essentially give them the basement for them to use.

Bedroom Size

Even when you do not have much luck with finding homes with lots of bedrooms that are also within your price range, you should pay attention to the bedroom size. For instance, you may be able to find bedrooms that are large enough to accommodate multiple children with ease. This will make it possible for two or three of your kids to share a room without being overcrowded.

Detached Suite

Most properties that you find are not going to have a detached suite, but you will still find it beneficial to keep an eye out for this particular feature. Getting your hands on this kind of property will allow you to give the detached suite to your parents for them to use exclusively.

This is an excellent option because it gives your family a lot of privacy while still getting to live in a multigenerational household. Also, since the kitchen and shared living spaces may only be inside the house, you may know that you will spend a lot of time with your parents as a family.

Accommodating multiple generations in the house that you buy should not be too challenging when you focus on these features with your purchase. Look for single-family homes for sale in an area you like. 

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7 August 2020

Investment Property Purchases: What You Should Know

Once I paid of the mortgage on my house, I decided I wanted to buy an investment property. I had no idea that the buying process would be different, but it really was. There were so many things to consider that I hadn't thought about, and even the loan application process was different. It occurred to me that if I didn't know about it, others likely didn't either. I built this site to help others see what I went through buying my first investment home. I hope that it helps you to approach the process with more confidence and understanding.