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By Ron Greenwald

Why Inter-Generational Housing is Gaining in Popularity

On 04, Aug 2016 | No Comments | In Blog | By Ron Greenwald

The trend of inter-generational housing is on the rise, with an estimated 18% of the United States population living in a home with a wide range of ages. In the past, there was a stronger segmentation between the younger generations and aging adults. Things have changed in recent years, and it is important to stay informed about the changes that are occurring.

Why Inter-Generational Housing?

One of the newest concepts is mixing the aging population with younger college students. This housing situation provides great benefits to both demographics. The aging adults benefit from the companionship of the college students, and the younger generation can gain knowledge from their companions.

This housing situation is essentially a mentor/mentee relationship, allowing the wisdom of the older generation to be passed onto the younger crowd. Some senior communities have even opened their doors to college students, creating co-habitation opportunities that are beneficial for everyone involved.

Managing Living Expenses

In addition to the positive environment that is created in a multi-generational living situation, it is also beneficial to help with the cost of living. College students are on a budget, and they can get more cost effective housing with cohabitation. At the same time, retired adults can maximize their retirement savings by decreasing their monthly housing costs.

Inter-generational housing might not be the right solution for every person, but there are many people who are happy with the benefits that are available. If you are considering your housing options, then you might explore the idea of an inter-generational community during retirement.

Work with an Expert Team

Before you make a change with your housing location, it is essential that you have an experienced team by your side to help. Here at Greenwald & Gerke Realtors, we know that it is important for you to have a comfortable place to spend your retirement. Our company specializes in real estate services for aging adults, and we will gladly assist with the process of finding the right retirement housing solution. For more information about real estate during retirement, we invite you to call us anytime. We are here to answer your questions and help with anything that you need: (844) 782-9674

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