Home Buying Tips for the Multigenerational Household in Anchorage

Posted by Dan Wolf on Thursday, October 30th, 2014 at 9:03am.

                                        

Experts say the number of multigenerational households has reached a record high. For families living or relocating to Anchorage, there are a lot of spacious homes that accommodate several generations living under one roof.

Some simple home buying tips for the multi-generational household include layouts that provide privacy and separation as well as communal space. Some homes may have separate entryways, which is even more ideal for some households. According to a report by the National Association of Realtors, 57 million Americans or about 18 percent lived in households with several generations in 2012. Although the trend has been driven by young people in their 20s and early 30s living at home, experts expect more retirees to be moving in with their adult children for economic reasons. I n some cases, you may want a home that not only accommodates your young adult children, but your aging parents as well. An experienced Realtor who knows the Anchorage, Alaska housing market can help you locate a property that is ideal.

The in-law suite

While not everyone calls it a mother-in-law apartment or in-law suite, it’s ideal to find a spacious home with a private bedroom, bathroom and kitchenette. While an aging parent may want to have private space on the main floor, a young adult child may like being on the second floor. Look for homes that have stairs close to the entryway leading up to the second floor.

The easy renovation

Some Anchorage homes were not designed to house several families, but they could easily be renovated for multigenerational living. If you find a home with an eat-in kitchen area and a formal dining or living room, you may be able to work with the extra space. Sometimes, it’s a matter of having a building contractor open up a door from a spare bedroom to a flex space or unused dining or living area. It may cost more money to add a second entryway and sidewalk, but could be worth it for some families.

With the growing popularity of extended families sharing living space, it’s not unheard of to find homes that have two in-law suites and bonus rooms. New construction builders are trying to accommodate the trend by designing the “home within a home” as well as a lot of flex rooms. The No. 1 reason most people share a home with relatives is to save money.

At Wolf Real Estate, we can help you find the perfect home in Anchorage for your family at every stage of life. For more home buying tips, please contact us at 248-9653 or visit us online at www.anchoragehomesearch.com

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