For some families, having multi-generations living in one home is common. For others, it’s a necessity. Are you planning to have multi-generations living under one roof?
Whether by choice, economics or necessity, more and more parents, adult children & grandparents are choosing to live together, & those numbers are on the rise.
This “multi-generational living arrangement” comes with benefits for families, but also creates challenges. So how can you make preparations for an easier transition?
- Before you start moving in the packing boxes, have a serious discussion with everyone about their expectations. If you’ve not lived with these family members for years (or ever!) it can be a big adjustment. Be open about privacy concerns, household chores, financial responsibilities, & any family rules so everyone is on the same page.
Which spaces will be shared & which are off limits?
Will everyone be paying rent, buying groceries, paying electric, heat, insurance or otherwise contribute financially to the household? How will that be divided?
Will someone need access to your vehicle?
How will chores be divided, including cleaning, laundry, shopping, maintenance & food preparation?
What about house rules regarding “quiet hours” or curfews?
What is each family member hoping to gain from the arrangement?
- Check in regularly. Checking in even with the adults, but especially with seniors, gives each person a chance to voice their thoughts & concerns. Make plans to meet on a regular basis to discuss what’s working & what’s not working. Don’t wait until a problem escalates to have a meeting. You will most likely need to do these “check ins” more at the beginning of the transition and less often as rules & “kinks” get worked out. Remember that sometimes these conversations can be difficult. That’s why it’s good to schedule the meetings in advance & allow participants a chance to mentally prepare (or cool down!) for the discussion.
- Plan an end date. If living together is NOT a permanent solution, work together to make an “exit plan” that is clear & that everyone agrees to & understands. Plans change, & you may decide to live together for more or less time, but at least have a blueprint that gives everyone an idea of what to expect. In situations where aging parents move in with their adult children, it’s helpful to decide what will happen if the arrangement does NOT work out. Having a backup plan can preserve relationships when difficult circumstances arise.
Whether you are taking care of an older parent, moving into your child’s home, or have adult children moving back in with you, these strategies can help you navigate your multi-generational living with added success.
For more information, contact Karen Daugerdas, Real Estate Broker & Senior Real Estate Specialist (SRES) at 847.494.1102, email@example.com