Is Multigenerational Living for You?
Ben Richardson
50plus Magazine
Multigenerational living has become increasingly popular thanks to economic factors, an aging population, and need for childcare and support.
Families appreciate the many advantages of living under one roof, where multiple generations support each other with their unique offerings and skills. While there are many benefits to this popular trend, effective preparation is key to ensuring success.
Multigenerational living provides a strong family support system and promotes deep family bonds. Grandparents can help with childcare, and adult children can help care for elders. Daily interactions and shared experiences can foster lasting memories and healthy connections.
Cost savings are another welcome benefit. Pooling resources to share costs can lead to a better quality of life and financial stability for everyone involved.
Preparing successfully requires open communication and thorough planning. Before moving in together, expectations should be thoroughly discussed. Does everyone see the scenario playing out in the same way? Likely not, so be prepared to consider compromises to meet everyone’s needs.
Discuss the roles and responsibilities each participant is expected to fill. Give the process plenty of time to identify and express concerns and ask questions.
Questions to consider might include:
- Is the house large enough to comfortably accommodate everyone? Are renovations needed?
- How will each family member contribute financially to living expenses? These might include rent/mortgage payments, utilities, groceries, insurance, and home maintenance.
- Which spaces are private? What areas are communal? Everyone will need a sense of privacy and independence.
A friend called recently to say that she planned to buy a two-story home and live on the top floor while her son and his family occupied the ground floor. On the surface it sounds simple, but things like kitchen use and entries and exits need to be mindfully thought through and figured out. Perhaps they may need to add an outdoor staircase and separate, private entrance.
Basic household rules play a vital role in communal harmony and should be created and agreed upon together.
House rules might include:
- Who will do which chores, like cooking, cleaning, laundry, shopping, childcare, and elder care?
- How will noise levels be handled?
- How do guests fit in?
A flexible schedule for meals, quiet time, and shared spaces can be super helpful. Clearly thought-out guidelines can help ward off misunderstandings, frustration, and hurt feelings.
If an elderly family member is moving in, are any accessibility features needed? These might include ramps, non-slip flooring, or grab bars. Resident children may call for childproofing measures like safety gates, outlet covers or cabinet locks.
In some cases, legal agreements may be necessary. These can include property ownership documents, caregiving responsibilities, or wills and inheritance plans. Power of attorney and healthcare directives might also be considered.
Be ready to adapt to changes. Even well-thought-out plans might not go as hoped, so be willing to address and adjust. Some families schedule regular household meetings to discuss any issues or needs. These can include discussion about what is going well, too!
Multigenerational living can be rich and fulfilling. A bit of preplanning can help create a supportive, harmonious home designed to benefit everyone involved.
Ben Richardson enjoys helping seniors as a Seniors Real Estate Specialist. He is the principal broker and owner of Ideal Real Estate.