If you think that buying a home to live with an aging parent or grandparent, your adult child or sibling plus their subsequent families (if applicable) sounds like a smart idea; you are not alone: 14% of home purchases last year were for multi-generational households. Although this is not a new trend, it is on the rise.
Here are a few things to consider when determining if this is the right choice for you:
- Everyone will need to be able to have space and privacy, and you may have to get creative in order to create it
- Find out everyone’s must haves and deal breakers, so that everyone’s needs can be met and everyone can be happy
- You should include siblings and other family members. even if they wont be living there, in the conversation
- During discussions, everyone should be treated like adults and the normal hierarchy of the family should be put aside
Read the full article here to learn more about multi-generational living and the points listed above.