For many people luxury homes are a dream but not a realty. This may be the case for any number of reasons. As people age, however, their needs, tastes, and means often change. Later in life when people have the means to buy these types of homes they may no longer want them. While this cycle of life is often the case so is the fact that residential needs have changed over the past decade. Now, for example, the number of children under the age of 14 living with a grandparent has increase roughly 45%. At the same time, the number of young adults aged 20 to 29 living in the parental home has increase about 55%.Moreover, the number of Canadians aged 65 and older is higher than ever and increasing as life expectancy increases. While the total numbers are still relatively small overall, the trend is significant. What are the options when this situation occurs?
Many typical residential homes are not built with a multi-generational family in mind. While some luxury real estate listings in the seaside Town Comox include a secondary suite, the result is often a situation that does not cater well to the needs of the eldest to the youngest family members. The grandparents, children and grandchildren all have different needs and tastes. A few homes have been built with this in mind. These multi-generational residences can meet the needs of all three generations while offering them an affordable option. In doing so, these home may also offer a more luxurious lifestyle than any of each of the generations could realize while living in separate homes.
A multi-generational home may have a fairly regular home at its core and central area. Attached to it may be a secondary suite for more elderly people requiring extra care or attention. There may also be a home within a home attached to the main residence that offers privacy to its residents without the need for the access required by assisted living residents. Main floor bedrooms, extra hand rails, walk in bathtubs, stair lifts or elevators to second floors may be some of the features of these homes.
This upwards trend is not unlike that which existed prior to the Second World War when sharing a household with extended family was more common. These types of living arrangements seek to balance the need or desire to live with more family members and the need for privacy and control over individual living spaces. When families are faced with these types of independent and assisted living situations and needs, multi-generational family homes may be the answer and a “win-win” for those involved. Affordable luxury may be an added bonus. Contact Brett Cairns of REMAX Ocean Pacific Realty for information on luxury courtenay multi-generational family homes in the Comox Valley.