Floor plans can gain you a greater net to your bottom line when you sell your home
Staying ahead of the curve in what’s trending in real estate can result in an even greater return when you go to sell your home.
The next phase of new home builds are termed multi-generational housing or dual living, which means several families over several generations living under the same roof.
With the unexpected economic nose-dive of the past decade and the increase in baby boomers getting older and retiring, families are moving in together. A home within a home complete with separate entrances and private livings spaces is a solution to the problem when the kids have to move back in, when mom or dad have lost their home to foreclosure or when there is an aging parent and the kids just don’t like the option of assisted living.
The guest bedroom no longer cuts it for families merging their lives and independent living spaces often times paired with a communal kitchen or independent kitchenette is what’s on the drawing board. These new home builds started showing up in the Phoenix inventory in 2011 with a gain in popularity and demand.
We’ve basically come full circle from twenty-five years ago when au pair or in-law suites were in demand, today we’re just calling it next generation or multi-housing concepts.
Whether you are purchasing a new home build or buying resale you may want to consider spending the extra dollars for this added space and design, with the future demand in these types of living arrangements you definitely will get a greater return on your initial investment.
If you are out searching for homes in the resale market be sure and discuss with your realtor your long and short term plans geared around family. There are currently homes on the market that have detached guest homes and attached guest quarters that can address your future needs, now.
The Matheson Team is a group of real estate experts providing community and real estate information. If you are moving to Scottsdale, contact us to learn more about the area.