The popularity of multigenerational homes
It is a tale as old as time that seems to be having a revival in today’s modern real estate market. Families who are choosing to live together in one home are a sign of economic shifts affecting financial decisions. It is a reality that has always been in the background of most of our minds. We grow up as children in our parents' homes, and they grow old in ours. However, that doesn’t necessarily mean it is a one-size-fits-all situation.
Identifying what multigenerational homes need
The factors surrounding multiple generations living in one home could span a myriad of reasons — finances, ailing health, convenience, child rearing, tradition and so forth. The demand for properties with separate entrances and unique features like double kitchens and extra rooms is fast becoming the norm in today's property market. Granny cottages are also a sought-after addition to most freestanding homes, as they allow the freedom of having space as a family while maintaining privacy. Therefore, multigenerational homes need perspective from all parties before purchasing. Take into consideration how different properties can add value to your family’s needs as time goes on. You can also renovate your current home to meet the requirements of a multigenerational living space.
Choose close-knit estates
Owning a property outright is a remarkable achievement in one’s life. South Africa has an abundance of safe, affordable estates which cater to multigenerational living perfectly. REALGLEN Properties are the preferred property professionals in the suburbs of Gauteng. We offer a selection of estate developments that are usually close to amenities such as schools, medical facilities, shopping centres, leisure and entertainment avenues. The different age groups in your home will always have something to do, apart from local community events.
The flip side of moving back home
When most people hear of multigenerational homes, they think of elderly parents, middle-aged relatives or young children occupying a home together with the breadwinners of the house. With the current unpredictability of the economic climate in South Africa and, indeed, across the world, this perception has shifted. Now, more than ever, statistics indicate that young professionals are moving back in with their parents to save money on rent and as a consequence of the unstable job market.
You can still live successfully in a multigenerational home and enjoy the precious moments with each other, while remaining financially savvy as you navigate the situation. Some things are naturally taken care of, such as childcare for those who aren’t yet at school, shared labour for the household chores and preparing meals. Different age groups can take responsibility for elements of the household they are most suited to. It can genuinely be an enjoyable, irreplaceable experience for all.
Welcome to the resurgence of multigenerational living
For centuries, people have lived with their extended families for religious and traditional reasons. Now, economic and societal demands call upon the modern homeowner to open their doors to an updated version of this dynamic. Contact us today if you are considering a new property to suit a multigenerational lifestyle. We will be happy to assist you in moving to a wonderful home in a prime location.