NEW YORK – March 15, 2016 – A growing number of Americans live in multi-generational households. In some cases, baby boomers support both older parents and boomerang children who are shouldering student debt and having a hard time in a tight job market.
The problem: There is a shortage of homes in many areas adequately designed for multi-generational living arrangements.
In total, more than 18 percent of America's population lives in a multi-generational household, according to a 2014 Pew Research Center study – an increase from around 15 percent in 2000. The households are defined as ones that include at least two adult generations, or with a skipped generation, such as a grandchild living with a grandparent.
Analysts say that the number of multi-generational homes would be greater if not for a labyrinth of local zoning rules designed to prevent the spread of attached apartments or Airbnb-style room rentals in settings dominated by traditional single-family residences.
As a result, several builders who can't offer second kitchens now offer scaled-down kitchens, but they give them new names as a way to satisfy buyers and give them the forbidden amenities.
For example, New Home Co. calls second kitchens "service bars," while Woodley Architectural Group describes them in marketing materials as "convenience centers." Lennar Corp. calls them "eat-in kitchenettes."
Source: Wall Street Journal (03/15/16) Kirkham, Chris
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Keller Williams Realty Gold-The VeniceTami Team. Tami Pocevic has been a Real Estate agent in Venice for over 11 years, with over $17MM in production over the past 12 months. I am in the top 2% of agents in both the Englewood Board of Realtors, and the Venice Board of Realtors consistently, year after year. Our team of Administrative Assistant, Marketing and Tech Administrator and 3 Buyer’s Specialists ensure a smooth transaction for you.Tami Pocevic Broker-Associate Realtor -
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