THE HONEST BROKER: SOLUTIONS FOR EXTENDED FAMILY LIVING
BY: DIANE LOTT, BROKER PARADISE FOUND REALTY, INC
Many years ago, it was commonplace to have one’s’ elderly parents or in-laws move into the home and have a multiple generational living situation. There are many benefits to this type of lifestyle, including an equal benefit for the grandparents, parents, and children. The many benefits include financial, physical, and emotional support for all, as well as providing a sense of belonging and purpose to our loved ones. This trend is making its way back into the American family lifestyle. What are some of the solutions for having an extended family living situation? The solutions can include having them living within the home, or living in a space attached to the home or even being on the property in a separate space.
Primarily, living within the home, if there is an extra bedroom, could provide the easiest solution and is the one that is most widely used. Sometimes there is an attached feature to the home that can be converted into an “in-laws” quarter, such as a garage. An “in-Law” quarter will keep your loved ones close without draining your bank account. As time passes and parents/grandparents age, we find it necessary to bring them closer. Another “in-law” quarter can be a separate building on the property. Both the garage apartment or separate building usually has at a minimum a small kitchen area, bedroom and sitting room. These spaces provide a form of living “independently” while keeping relatives close by to provide comfort and security to their loved ones. There are even businesses that have recently been founded that provide out-buildings designed for “in-laws”.
One of those companies is Hawk Buildings in Texas. The link to their website is: https://hawkbuildings.com/residential/mother-law-quarters/
After many years of housing the elderly outside of our homes, the trend for multi-generational living is returning. This trend has even accelerated over the past few years when our country lost so many of our elderly loved ones in congregate housing. There are viable solutions to keep our extended family at home.
Diane Lott, Broker
Owner: Paradise Found Realty
Paradise Found Realty, Inc. of Palm City
Sign up for alerts and daily digests- free all the time- www.treasurecoast.com