Multigenerational households hit a record high this year as more members of the “sandwich generation” welcome in aging parents and boomerang children. Your Libertyville IL real estate agent can help your find the perfect home to accommodate your changing needs. According to an article by REALTOR.Mag, 18.1 percent of Americans now live in multigenerational households. The rate is dramatically higher compared to 1980 when just 12.1 percent shared their living quarters with extended family members. When house hunting in cities including Libertyville, Vernon Hills, Mundelein or Buffalo Grove, look for key features such as flex rooms, separate entryways and more than one master bedroom suites.
Choosing the best location
Even though you may have stopped worrying about school districts when you became an empty-nester, you may want to think about the best area for helping to raise grandchildren. Having a home with a large lot may not have been what you originally intended when you retired, but could provide space needed for several families living under one roof. Lake County, a county in the northeastern corner of the U.S. state of Illinois, has many desirable communities such as Libertyville, Vernon Hills, Mundelein and Buffalo Grove.
Opting for the two-story plan
Many new construction builders are creating the “home within a home” concept especially for multigenerational households. Some of the homes come with separate entryways into the homes as well as private living areas, bedrooms, bathrooms and small kitchens that are separate from the main living area of the home. Some baby boomers opt for two-story homes so their children can live on the upper level while they have privacy on the main floor. When choosing a two-story, avoid homes that have all of the bedrooms on the top floor. Look for flex rooms, outdoor entertaining space and aging-in-place features for the older members of the family.
If you aren’t keen on the idea of sharing space with your boomerang children forever, an experienced Lake County IL real estate agent may also be able to advise your child on becoming a first-time homebuyer. Although the latest report by the National Association of Realtors shows the share of first-time homebuyers is at the lowest in 30 years, there are starter homes in parts of Lake County that could be within your child’s reach.
Sheryl Allen is an experienced Coldwell Banker real estate agent who can help you buy or sell your home in the villages of Libertyville, Vernon Hills, Mundelein, Buffalo Grove and any part of Lake County, Illinois and surrounding areas. For more information on finding a multigenerational home, please contact me.