More Australians are looking to bring families together with multi-generational homes. There are many benefits to this approach such as offering support to family members, saving on living expenses and spending more time together. In this article we’ll take a closer look at why multi-generational home are on the rise.

Why people choose to live this way

There are many different scenarios where multi-generational homes make sense. It could be grandparents moving back in with their children. Many can’t bare the thought of sending their parents to an old age home, and it costs a lot of money. The care is often not as personal as they could receive from a family member. Having their elderly parents around not only means they can support them in their old age, but also, they can be part of their family life. Grandparents can help look after their grandchildren again helping save on childcare costs.

It can be that young adults choose not to move out of the house. Rent prices have dramatically increased in Western Australia, as well as housing costs, making it unaffordable for many to live on their own, let alone own a house. Some young adults would rather live at their parents’ house and save money to buy a home at a later stage, but it’s not without challenges.

What a multi-generational home should look like

Research suggests having a home built for multi-generational living could increase its value by up to 20% and could increase rental income. For investors or those looking for a long-term return on their housing investment, this is great news. For those living together, it might not be so easy. Most deem privacy a big issue. They look for a home either with multiple levels such as a ground floor with a separate living space and bathroom or a big enough home separated into multiple living areas.

If teenagers or young adults are involved, chances are they would like their own space. All this can add to the complication of such a living arrangement. Alternatively, a granny flat or extension could be added to the home to cater for additional family members.

In conclusion

Multi-generational living isn’t going away soon. Many options exit to make this type of living arrangement work. However, when considering this move, it’s best to have a living arrangement that provides enough privacy and accommodates everyone’s needs.

At IQ Construction we can create a tailored home design that meets all your family needs. Whether it’s an extension, renovation, or a completely new build, let our team of building specialists design and build the perfect home for you!

Contact IQ Construction for more information today!