The need for multigenerational homes is increasing and home remodeling contractors have had to keep up. As of 2019, 20% of homes housed multigenerational families. However, as the economy slows, this percentage has already started to increase.
Moreover, societal changes are causing both younger and older generations to live together. Americans are living longer and may require assistance in their senior years. Young Americans are also marrying later and are moving out of the home later.
For home remodeling contractors, this trend has provided an opportunity to learn about the needs of multigenerational families. While your home might have been well-suited for you and your spouse, remodeling the home can improve the comfort and safety for everyone from toddlers to seniors. Economists project the remodeling industry will grow 2% annually through 2025 and much of this will be driven by multigenerational homes.
Here are three ways to renovate your home to accommodate multiple generations:
An unfinished basement is the perfect blank canvas to provide the features needed by your multigenerational family. Finishing a basement is often easier than remodeling a finished room because the home remodeling contractor does not need to work around existing plumbing, electrical circuits, and walls. Moreover, you will not need to demolish the finished room before implementing your new design.
Some of the features you can incorporate into your basement finishing project include:
If your home does not have an unfinished basement, an addition can increase your living space to house your family members. A few options for residential additions from home remodeling contractors include:
Families spend most of their time in the kitchen and living room. If the number of residents in your home is about to increase, renovating your kitchen can help you ensure your home will be comfortable and functional for everyone.
Some of the considerations to keep in mind as you work with home remodeling contractors to renovate your kitchen include:
You should view a remodeling project for a multigenerational family as an opportunity. Working with home remodeling contractors Cincinnati trusts will allow you to maximize your space while making your home safe and welcoming to all your family members.