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Home builder accommodates multi-generational living

Families are joining forces to cut down costs by living together, and builders are coming up with creative ways to accommodate their needs.

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multi-generational living

The rise of multi-generational living

Due primarily to the recession, families are joining forces and living together to save money on child care costs and grandparents care for the children, and college students are living at home rather than getting their own apartment, along with a host of other reasons. Many studies have revealed that this is becoming increasingly common, and builders have had the challenge to accommodate this living style by altering floorplans and adjusting their options. Builders and renovators can no longer simply assume two master suites will suffice, rather private entrances and the like need to be part of the package as if adding another house onto the same structure.

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Additional reading:

  • “Most dramatic rise in multi-generational homes in modern times”
  • “Multi-generational housing is the hot niche in a cooled market”
  • “2012 home design trends: focus on the family”
  • “Multiple generations sharing homes on the rise”
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    Lennar tackles the multi-generational puzzle

    So what exactly does this house look like that has multiple generations living under one roof? How does a floor plan lay out when a graduate student is still living at home at age 23 or when your 81 year old mother has come to live with you because she’s alone, and she’s way too vibrant and healthy for a home?

    Enter Lennar’s “NEXT GEN” home, the “home within a home,” which the builder calls a great solution for long-term guests, family members or anyone else who can utilize this innovative space. It’s a complete suite with bedroom, eat-in kitchenette and living room. It can be integrated into a home’s living space or kept as a private residence.”

    Lennar is currently offering NEXT GEN homes in Arizona, California, Florida, Nevada, and South Carolina. Below is one of the available floorplans with the additional space highlighted in blue, which includes a private entrance, private garage, bedroom, bathroom, walk-in closet, kitchenette, living room, and even a private washer/dryer room. Also below is a sample elevation of the style of home offered:

    next gen floorplan lennar

    next gen lennar elevation

    Lennar claims to be the first, but will not be the last builder to embark upon multi-generational housing, as our nation becomes more practical and sheds some of the excess of decades past.

Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.

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3 Comments

3 Comments

  1. Kris Wales

    August 13, 2012 at 3:35 pm

    It is pretty cool. However, I’d be worried the adult kids would never leave the nest 🙂

  2. Lancejrzrukz

    August 14, 2012 at 1:45 pm

    @CallMickieC https://t.co/v0L8w3ZD

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Austin

Austin tops the list of best places to buy a home

When looking to buy a home, taking the long view is important before making such a huge investment – where are the best places to make that commitment?

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Looking at the bigger picture

(REALUOSO.COM) – Let us first express that although we are completely biased about Texas (we’re headquartered here, I personally grew up here), the data is not – Texas is the best. That’s a scientific fact. There’s a running joke in Austin that if there is a list of “best places to [anything],” we’re on it, and the joke causes eye rolls instead of humility (we’re sore winners and sore losers in this town).

That said, SelfStorage.com dug into the data and determined that the top 12 places to buy a home are currently Texas and North Carolina (and Portland, I guess you’re okay too or whatever).

They examined the nerdiest of numbers from the compound annual growth rate in inflation-adjusted GDP to cost premium, affordability, taxes, job growth, and housing availability.

“Buying a house is a big decision and a big commitment,” the company notes. “Although U.S. home prices have risen in the long term, the last decade has shown that path is sometimes full of twists, turns, dizzying heights and steep, abrupt falls. Today, home prices are stabilizing and increasing in most areas of the U.S.”

Click here to continue reading the list of the 12 best places to buy a home…

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Housing News

Average age of houses on the rise, so is it now better or worse to buy new?

With aging housing in America, are first-time buyers better off buying new or existing homes? The average age of a home is rising, as is the price of new housing, so a shift could be upon us.

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aging housing inventory

The average home age is higher than ever

(REALUOSO.COM) – In a survey from the Department of Housing and Urban Development American Housing Survey (AHS), the median age of homes in the United States was 35 years old. In Texas, homes are a bit younger with the median age between 19 – 29 years. The northeast has the oldest homes, with the median age between 50 – 61 years. In 1985, the median age of a home was only 23 years.

With more houses around 40 years old, the National Association of Realtors asserts that homeowners will have to undertake remodeling and renovation projects before selling unless the home is sold as-is, in which case the buyer will be responsible to update their new residence. Even homeowners who aren’t selling will need to consider remodeling for structural and aesthetic reasons.

Prices of new homes on the rise

Newer homes cost more than they used to. The price differential between new homes and older homes has increased from 10 percent traditionally to around 37 percent in 2014. This is due to rising construction costs, scarcity of lots, and a low inventory of new homes that doesn’t meet the demand.

Click here to continue reading this story…

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Housing News

Are Realtors the real loser in the fight between Zillow Group and Move, Inc.?

The last year has been one of dramatic and rapid change in the real estate tech sector, but Realtors are vulnerable, and we’re worried.

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zillow move

Why Realtors are vulnerable to these rapid changes

(REALUOSO.COM) – Corporate warfare demands headlines in every industry, but in the real estate tech sector, a storm has been brewing for years, which in the last year has come to a head. Zillow Group and Move, Inc. (which is owned by News Corp. and operates ListHub, Realtor.com, TopProducer, and other brands) have been competing for a decade now, and the race has appeared to be an aggressive yet polite boxing match. Last year, the gloves came off, and now, they’ve drawn swords and appear to want blood.

Note: We’ll let you decide which company plays which role in the image above.

So how then, does any of this make Realtors the victims of this sword fight? Let’s get everyone up to speed, and then we’ll discuss.

1. Zillow poaches top talent, Move/NAR sues

It all started last year when the gloves came off – Move’s Chief Strategy Officer (who was also Realtor.com’s President), Errol Samuelson jumped ship and joined Zillow on the same day he phoned in his resignation without notice. He left under questionable circumstances, which has led to a lengthy legal battle (wherein Move and NAR have sued Zillow and Samuelson over allegations of breach of contract, breach of fiduciary duty, and misappropriation of trade secrets), with the most recent motion being for contempt, which a judge granted to Move/NAR after the mysterious “Samuelson Memo” surfaced.

Salt was added to the wound when Move awarded Samuelson’s job to Move veteran, Curt Beardsley, who days after Samuelson left, also defected to Zillow. This too led to a lawsuit, with allegations including breach of contract, violation of corporations code, illegal dumping of stocks, and Move has sought restitution. These charges are extremely serious, but demanded slightly less attention than the ongoing lawsuit against Samuelson.

2. Two major media brands emerge

Last fall, the News Corp. acquisition of Move, Inc. was given the green light by the feds, and this month, Zillow finalized their acquisition of Trulia.

…Click here to continue reading this story…

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