The Rising Demand for Multi-Generation Homes

In recent years, many families have opted to upsize their homes to accommodate multiple generations of their family now living under one roof, giving rise to a new trend in home design—the Multi-Generation Home. But what is a Multi-Generation Home? And why are these homes becoming so popular so quickly? Read on to learn about the demand for, and appeal of these flexible, spacious homes—now available at One Loudoun:

What is a Multi-Generation Home?

Multi-Generation Homes are homes designed to accommodate extended family, or multiple generations of a family living under one roof. According to the 2015 Home Buyer and Seller Generational Trends Report by the National Association of Realtors (NAR), 13% of all homes purchased in 2014 were multi-generation households, consisting of one’s immediate family, adult-age children, adult-age siblings, and/or elderly parents and grandparents.

What Sparked the Recent Rise in Demand?

The growing demand for Multi-Generation Homes is largely due to the recent increase in adult children and elderly parents moving in with relatives, therefore necessitating additional living space.

According to the Washington Post, the increase in multigenerational living was largely due to the inability of many people to get on their feet after the recession and the increasing longevity of Americans have boosted demand for homes that accommodate several generations…there were so many recent grads from local colleges who couldn’t get a job, plus a lot of retirees who chose to move there and were facing higher expenses than they anticipated.” 

According to the NAR’s aforementioned 2015 report, 24% of multigenerational home purchases in 2014 were motivated by the attractive cost savings of multiple generations of one’s family living under one roof, while 23% of multigenerational home purchases in 2014 were motivated by adult children moving back in with their parents.

Due to this unprecedented trend in multigenerational living, families have started purchasing Multi-Generation Homes to make it easier for their adult children and/or elderly parents to move in with them, allowing all generations in the household more space, privacy and most importantly—independence.

Optional Studio Apartments: In recent years, multigenerational living has evolved from a living space on the main level converted into a bedroom, to a separate studio apartment.

The Washington Post commented that, “while turning a living room and powder room into an in-law suite served the purpose, it didn’t offer the sense of privacy and independence that most buyers want…the challenge was finding the space to make an apartment without compromising the space inside the main house.”

The continued rise in demand for Multi-GenerationHomes lead a number of builders, including Miller & Smith to consider adding options for private spaces with a separate entrance, along with an interior door connecting to the rest of the home to the floor plans of their current models. While designing One Loudoun’s Downtown Collection, the architects at Miller & Smith found that the collection’s rear garage configuration had plenty of space for an optional studio apartment to be added above the garage, adding 400+ square feet of space to the home.

Exterior & Interior Entrances: Exterior doors to the home’s studio or additional suite allow elderly parents and adult children to come and go as they please, providing them with the privacy and independence they crave. At the same time, the generations living in the studio are also able to open the interior door when they wish to be with the rest of the family, as these studio apartments are still attached to the rest of the home.

The optional studio apartments in models like Miller & Smith’s Downtown Collection are particularly appealing to multi-generational families, as they include separate exterior and interior entrances, allowing for independence and privacy while allowing them to stay closely connected to the rest of the family.

Additional Upgrades: The floor plans of these studio apartments also offer a number of optional features and upgrades within their innovative, spacious designs, including converting the studio’s kitchenette into a full kitchen or bar, upgrading the window styles, and more.

Miller & Smith homeowners here at One Loudoun recently spoke to the Washington Post and commented that they, “like the neighborhood because he can walk to work and to other places. He has his own bedroom and bathroom and a kitchenette and we added a separate washer and dryer so he can be more independent.”

These homeowners are not alone in this mentality, in fact—according to Miller & Smith’s VP of Marketing, Kim Ambrose, about 25% of buyers at One Loudoun opt for the optional studio apartment feature.

Flexible Floor Plans With Extra Space: At the end of the day, Multi-Generation Homes require one thing above all else—flexibility. The fresh, flexible designs of Miller & Smith’s Downtown Collection at One Loudoun allow for a number of variations and additions—from features and finishes to additional rooms, porches, decks and more to accommodate a wide variety of homeowner preferences.

That being said, you don’t have to have multiple generations living under one roof to find the stunning new homes from Miller & Smith’s Downtown Collection appealing! Homeowners can utilize the spacious floor plans of our new single family homes in a wide variety of ways!

The Unique Appeal of Multi-Generation Homes: According to the Washington Post, the two key elements of every home designed for multiple generations are privacy and flexibility. Multi-Generation Homes appeal to family members across all generations—as they allow adult children and elderly parents alike to maintain their independence, by giving them their own space to live the way they want to live, which just happens to be attached to the rest of the house. At the same time, Multi-Generation Homes give other family members peace of mind, knowing that their elderly parents or adult children are safe and sound under their roof.

The Washington Post concluded by saying that, ultimately, “multigenerational homes change the way a family lives and changes a community. They’re building a lifestyle of shared experiences in communities with amenities for every age.”

With their impressive designs and stunning style, it should come as no surprise that Miller & Smith’s sensational collection of single family homes are selling fast! With limited homesites remaining, now is the time to make your move to One Loudoun—check out Miller & Smith’s collection of new homes and immediate delivery homes at One Loudoun today!

Sourceswashingtonpost.comHome Buyer and Seller Generational Trends Report 2015 by the National Association of Realtors