Multi-generational living trends

Familyhouse Multi-generational households with at least three generations of family members have increased 30% in the last decade, according to a recent AARP study. In fact, it is interesting that the idea of the nuclear family (mom, dad & kids) is only about 50 years old. Of the 6.7 billion people on the planet, about 6 billion live in extended family arrangements.

Real estate agents are seeing increased interest in buying homes that can accommodate more than one generation of family, and many expect this trend to continue to grow. I know I have encountered many such buyers this past year. The reasons are part financial, part social and part pragmatic.

With the economic conditions of the last few years it isn't surprising that the top reason for moving in with other family members is financial, but health care issues aren't far behind and some are coming together because of a strong family bond.

Extended families living together are discovering other benefits as well, including an enriched family life and more flexible schedules with more family members available to juggle childcare and eldercare. Living together under the same roof can result in more quality time together and time savings both in travel and as a result of sharing household duties.

If you are considering such a move, be sure to clearly define your living needs… bedroom and bathroom requirements, extra kitchen needs, office space, closet/storage needs, 'getaway' spaces, handicap accessibility, proximity to health care, schools, senior activities, separate entrances, garage space, etc. You should also consider written contracts outlining everything from finances to household chores and childcare/eldercare responsibilities.

Each family situation is different. Assess your unique circumstances to come up with a plan that works for you… and enhances rather than strains your family ties.

Sharlene Hensrud, RE/MAX Results -


Written By

I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

Related Posts

Sandwich Generation Dilemmas… how to keep the peace when parents move in, children move back

đź–¨ Print Article With longer lifespans the Sandwich Generation is more 'real' than ever, with many Baby Boomers helping both aging parents and adult children. There are many reasons why...
1 Response
  1. Great post, very interesting concept. You make a good point that all the factors need to come into play. Selecting a good property agent is most important for property management who helps you throughout the buying process and beyond to completion.

    Florida property for sale

Subscribe to Our Newsletter for Market Updates & Mid-Century Modern Listings

Our weekly HomesMSP Update includes current local market information and a curated list of mid-century modern properties for sale, plus posts from an inspector, a lender, a stager, info about neighborhoods, life in the Twin Cities… even recipes!


Blog Categories


Sharon and John Hensrud

About Us

The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.