Due to the effects of the pandemic, the country has seen an uptick in the number of homes purchased for multigenerational households, says Michele Lerner for The Washington Post. Between April and June 2020, the demand increased 15%, according to the National Association of Realtors (NAR).
The researchers at NAR also found the top reason to purchase a multigenerational home was for aging parents to move in. Before the pandemic, multigenerational home purchasers were evenly split between those with adult children moving back home and aging parents.
Like many families who experienced the severe disruption of the coronavirus pandemic, Janice and Don Markell made a major life change by asking Janice’s mother to live with them, accelerating their plan for an eventual move to Florida.
“We were living in Montvale, New Jersey, and my mother was in assisted living nearby, but she wasn’t able to leave, and we couldn’t visit her,” says Janice, 61. “Our son has lived in Lakewood Ranch near Sarasota for a few years, and we planned to move there eventually ourselves.”
The solution for the family is a newly built home in the Lake Club section of Lakewood Ranch designed specifically for multigenerational living.
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