With home prices challenging many Australians in recent years, the real estate market is seeing an emerging demand for properties that offer multi-generational living.
The recent rounds of interest rate rises to fight the post-Covid spike in inflation have also set many families thinking of how to accommodate three generations: the young, those of working age and their parents.
Those aged roughly 40-55 have become known as the “sandwich” generation, responsible for ensuring their children and parents have a loving home.
A University of NSW survey found that one in five Australians live in a multi-generational home (a property occupying at least two generations of adults) and the number is rising.
If you are considering this type of living arrangement, these are some home features to look out for.
Separate quarters
Call it a granny flat or a teenager’s retreat, a detached dwelling is an ideal solution. It’s worthwhile investing in a bathroom and kitchenette to offer independence.
Entry point
A home that offers separate, private entrances is a powerful attraction. Being able to come and go without feeling you’re being watched is important.
Sound question
It’s worth checking how sound travels in a property before committing yourself. With multiple family members under one roof, you don’t want to hear what everyone is doing at all hours of the day.
Private bathrooms
Even if you can’t have a separate dwelling, a private bathroom goes a long way to ensuring family members do not feel they are living on top of each other.
Easy access
For the senior generation, you must consider access issues. Avoid any property requiring elderly family members to climb steep stairs or handle steps in the garden.
Flexibility
Rooms that can easily change their purpose, such as converting a home office into a bedroom, will be highly valuable. You never know when your needs are going to change.
Common areas
While privacy is a significant issue, it’s equally important to ensure the family has a space to gather comfortably. An open-plan living area or a dining room can be the perfect place. Fostering communication and bonding is important for a happy home.
More space
Storage is a challenge in almost every multigenerational home. Everyone may need to compromise and either downsize their personal belongings or use a retail storage facility.