Strong indications show that multi-generational living is on the rise: The U.S. 65-plus population is expected to more than double to 92 million over the next 30 years, and 61% of Americans ages 25 to 34 have friends or family who have moved back in with parents.
There are myriad reasons that more American households now consist of two or more generations under one roof: Debt-saddled millennials can't afford to move out on their own; boomers worried about their aging parents want to keep them close at hand; live-in grandparent babysitters can help offset the price of child-care
Remodelers are ready to support the growing trend offering universal design features that work for a baby stroller or a wheelchair.
Finishing a basement, adding bedrooms above a garage or re-configuring living space without compromising the flow is a smart way to accommodate boomerang children or aging parents. An alternative might be a two-car garage that shrinks to one car and the extra area morphs into a living space for a grandparent or boomerang kid. Another popular option for accommodating boomerang children is an attic conversion. Most young people can easily navigate the stairs. An old attic can be converted into a master suite with bath. Adding a balcony or decorative windows can make the space feel less claustrophobic.
Sociologists say the multi-generational living trend is here to stay. Families may be coming together for economic reasons, but they're staying together because it helps them all.